Contact Information: Media Contact: Elizabeth Zaborowska Bhava Communications 510-219-8127
Data Robotics Raises $10 Million in Funding Round
Strong Demand for Self-Managing Data Storage Drives Rapid Sales Growth
| Source: Data Robotics, Inc.
SANTA CLARA, CA--(Marketwire - October 29, 2009) - Data Robotics, Inc., the company that is
changing the way the world stores digital content, today announced that it
has closed $10 million in Series E financing. The recent round of funding
was led by Focus Ventures, a firm specializing in expansion stage venture
capital, with participation from existing investors Greylock Partners, New
Enterprise Associates (NEA), RRE Ventures, and Sutter Hill Ventures. Data
Robotics will use this investment to accelerate research and development
programs and expand global sales and marketing initiatives.
Data Robotics has experienced double-digit growth in every quarter of 2009
and recently announced 100 percent growth in worldwide sales over the
second quarter of 2008. In addition, over 240 new resellers were added to
Data Robotics' worldwide channel. The Drobo family of business class and
professional data storage solutions offers a unique value proposition that
combines simplified capacity expansion and self-healing data protection.
"Unlike many companies over the past year, Data Robotics has continued to
demonstrate a strong track record of revenue growth to justify a strong
positive valuation," said Kevin J. McQuillan, co-founder and General
Partner of Focus Ventures. "Data Robotics' patent-pending BeyondRAID
technology is truly revolutionizing data storage for SMBs and creative
professionals and we look forward to working with the Data Robotics team as
they continue to expand their business."
"We are excited that Focus Ventures understands our unique position within
the storage market and has joined our team of investors," said Dr. Geoff
Barrall, CEO and co-founder of Data Robotics. "This recent funding shows
the level of confidence that our investors have in Data Robotics and their
firm belief in our ability to deliver continued growth in current markets
while rapidly expanding our reach into new opportunities."
About Data Robotics
Data Robotics, Inc., the company that is changing the way the world stores
digital content, develops automated storage products designed to ensure
data is always protected, accessible and simple to manage. The
award-winning Drobo storage arrays are the first to provide the protection
of traditional RAID without the complexity. The revolutionary BeyondRAID
technology frees users from making the difficult and confining choice of
"Which RAID level to deploy?" by providing an unprecedented combination of
advanced features and automation, including single and dual disk
redundancy, instant expansion, self-monitoring, data awareness,
self-healing, and an easy-to-understand visual status and alert panel. For
more information, visit Data Robotics at www.datarobotics.com.
Data Robotics, Drobo, and BeyondRAID are trademarks of Data Robotics, Inc.,
that may be registered in some jurisdictions. All other trademarks used
are owned by their respective owners.