Vik Chadha co-founded Backupify raises $4.5 Million
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Louisville: Backupify, a cloud computing service that backs up data on other cloud computing services, has secured $4.5 million in Series A funding round co-led by Avalon Ventures and General Catalyst. Lowercase Capital and First Round Capital also participated in the round, reports Leena Rao of Tech Crunch. Backupify, founded in 2008, backs up all the user data on services like Twitter, Facebook, Gmail, Flickr, WordPress, Blogger, and YouTube. Keeping all the raw data for the user, the service creates a downloadable PDF with the users' Tweets, direct messages, followers, people they follow, and profile info. According to the company, its offerings are gaining traction amongst enterprise customers, looking to preserve data from social media outlets. The latest round of funding will be used towards product development capabilities while expanding its focus on data management services that target the increasing amount of data that enterprises store in cloud-based applications. Backupify raised raised $900,000 in seed funding led by First Round Capital earlier this year. Some of its investors included General Catalyst, Betaworks, as well as angel investors Chris Sacca, Jason Calacanis, Andy Swan and Bob Saunders.

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