Code 42 Gets $52.5 Million in Funding
January 18, 2012
Code 42, the Minneapolis start-up that peddles CrashPlan, the automatic real-time PC and mobile backup and recovery service aimed at consumers, SMBs and the enterprise, has gotten a $52.5 million investment from round leader Accel Partners and Split Rock Partners.
It’s the company’s first investment. It’s reportedly been profitable since it launched the widgetry in 2007.
Accel dipped into its new $100 million Big Data Fund for the first time for its share.
Code 42 says it’s got some 4,000 enterprise customers including Adobe, Google, Groupon, HP, LinkedIn and NASA and 100PT of data stowed in the cloud: its cloud or private clouds, other computers or devices or some combination or all of these options. That represents a total of 100 billion file and it reportedly gets 250 million unique new files a day…
It’s got eight data centers worldwide and is supposed to use the money to raise its profile and go international.
GigaOm says it wants to be known as an "information management provider" and "a way for corporations to understand what data and how data was moving between employees and the devices they use." It can see who’s got which files.
Code 42 competes with Carbonite, Box.net, Mozy, Dropbox, Iron Mountain et al. Enterprises pay $5-$10 a month for each computer and consumers pay $6 a month.