|By Business Wire
|January 29, 2013 08:03 AM EST
an early-stage company with a mission to turn data into information,
today announced that it has raised $30 million in a series B investment
round led by Silicon Valley venture capital firm Andreessen
Horowitz. Previous investors Charles River Ventures and General
Catalyst Partners also participated in the round. DataGravity will use
this investment to advance product development and to scale marketing
and sales efforts to support the company’s go-to-market strategy.
DataGravity’s mission is to turn data into information by developing
products that will remove the need for complex software packages and
help IT managers and administrators extract value and information from
stored data. The company’s founding team comprises Paula Long, one of
the founders of EqualLogic (acquired by Dell in 2008), and John Joseph,
former vice president of marketing and product management at EqualLogic.
Together, the co-founders represent a blend of technology leadership and
vision with the know-how that made EqualLogic successful.
“There’s a renaissance underway in enterprise computing, and DataGravity
is among the pioneering companies doing the hard work of solving
intractable enterprise challenges. DataGravity is positioned to be in
front of a potentially enormous market, and the management team’s
technical and operational expertise has the experience to lead it. For
me, that’s an unbeatable value proposition,” said Peter
Levine, partner at Andreessen Horowitz, a venture capital firm known
for investing in groundbreaking companies that are led by technical
Levine will join the DataGravity board of directors, where he will apply
his long track record of leading technology companies to successful
outcomes. Levine joins existing DataGravity board members David Orfao,
managing director at General Catalyst Partners, and Bruce Sachs, general
partner at Charles River Ventures.
“Peter Levine was extremely influential in the last storage market
transformation and it seems fitting that he will be part of a new wave
of innovation by companies like ours,” said Paula Long, co-founder and
CEO of DataGravity. “Andreessen Horowitz is the perfect partner to join
our already strong set of backers. With this funding, DataGravity will
move forward in addressing the enterprise mandate to radically change
the way IT extracts information from data.”
is an emerging company with a mission to turn data into information. Led
by Co-founder and CEO Paula Long, one of the founders of EqualLogic
(acquired by Dell in 2008), and Co-founder and President John Joseph,
formerly vice president of marketing and product management at
EqualLogic, DataGravity is changing the status quo of how enterprises
extract value and information from their stored data without the need
for complex software packages. DataGravity is headquartered in Nashua,
N.H. and is privately funded by Andreessen Horowitz, Charles River
Ventures and General Catalyst Partners. Visit us on Facebook
and follow us on LinkedIn.
About Andreessen Horowitz
Andreessen Horowitz is a venture capital firm that provides seed,
venture and growth-stage funding to the best new technology companies.
Founded by Marc Andreessen and Ben Horowitz, Andreessen Horowitz helps
entrepreneurs become successful CEOs and build important and enduring
companies. Its investing partners are Marc Andreessen, Ben Horowitz,
John O'Farrell, Scott Weiss, Jeff Jordan, Peter Levine and Chris Dixon,
all widely recognized experts in the creation, scaling and operation of
high growth technology companies. The firm has $2.7 billion under
management across three funds. Among its 170 investments are Airbnb,
Apptio, Box, Fab, Facebook, Foursquare, GitHub, Jawbone, Lytro,
Pinterest, Quirky and Twitter. The firm was established in June 2009 and
is located in Menlo Park, California. www.a16z.com
About Charles River Ventures
Founded in 1970, Charles River Ventures is one of the nation's oldest
and most successful early-stage venture capital firms with approximately
$2.1 billion under management. CRV is dedicated to helping exceptional
entrepreneurs turn their ideas into the next category leaders in high
growth technology and media sectors. Over the past 20 years, CRV funds
have been ranked among the industry's top performers. CRV has offices in
Boston, MA and Menlo Park, CA. For more information visit www.crv.com.
About General Catalyst Partners
General Catalyst Partners is a growth equity and venture capital firm
that invests in exceptional entrepreneurs who are building the
technology-based companies that will lead innovation and transform
industries. Founded in 2000, General Catalyst Partners leverages its
principals' extensive operational, business development and
technological expertise to provide portfolio companies with a catalyst
for success through business-building and partnership development
assistance. General Catalyst has offices in Cambridge, MA and Palo Alto,
CA. For more information, please visit: http://www.generalcatalyst.com.
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