Cloud Company Xtium Raises Series A
Xtium, a provider of cloud computing services to businesses, raised an $11.5 million Series A round of investment from OpenView Venture Partners. As part of the funding, Scott Maxwell, senior managing director at OpenView, will join the company’s board. Xtium provides such services as disaster recovery and virtual hosting. The deal is the third in the Philadelphia area for Boston-based OpenView within the last month, following its investments in Monetate Inc. and NextDocs Corp…

