Contact Information: Contact: Julie Tangen Kulesa PR for Data Robotics 831.425.1083
Data Robotics Secures $15M in Series D Funding
Welcomes New Enterprise Associates; New Funding Will Fuel Growth and Expansion to Meet Customer and Partner Demand
| Quelle: Data Robotics
SANTA CLARA, CA--(Marketwire - September 2, 2008) - Data
Robotics, Inc. announced today that it has secured $15 million in
Series D funding. The round was led by existing investor Greylock Partners
and welcomes New Enterprise Associates (NEA) with participation from
returning investors, RRE Ventures, and Sutter Hill Ventures. The additional
capital will allow Data Robotics to meet the growing market demand for its
award-winning line of Drobo storage products.
"Our strategy from the beginning has been to make highly advanced storage
technology simple and easy to use and build the strongest sales channels
and partnerships possible. This new round of funding will enable us to
accelerate this strategy by further strengthening our market position and
accelerating future products," said Geoff Barrall, CEO and co-founder of
Data Robotics. "Given our success thus far and the strong growth in SOHO
and small business storage market, we believe there is a significant
opportunity to further increase our market share by continuing to build the
most advanced and innovative storage products available. I am thrilled to
see our vision validated by our investors."
Data Robotics established itself as an industry leader by offering a
superior alternative to decades-old RAID storage technology. The Company
has shipped more than 30,000 systems since launching Drobo in the summer of
2007 -- making Data Robotics one of the fast growing storage companies in
the world.
"Our continued support for Data Robotics is founded on the company's track
record, phenomenal progress and the excellent management team in place. We
are excited about the future success of Data Robotics and I am happy to
count myself among the many proud Drobo owners worldwide," said Aneel
Bhusri, Partner of Greylock Partners.
Further information about Data Robotics can be found at
http://www.datarobotics.com
About Data Robotics
Data Robotics -- the makers of Drobo -- develops automated data storage
products designed to ensure data is always protected and easy-to-manage.
Drobo uses patented technology that is designed to provide the reliability
and redundancy of traditional RAID without the complexity. Key features of
Drobo include drive redundancy, instant expandability, self-healing, and
the simplest management in the industry. For more information visit Data
Robotics at http://www.datarobotics.com.