Asempra raises $20 million
One measure of the growing importance of business continuity is the VC money going to business continuity companies. Sunnyvale, California-based Asempra Technologies, a developer of enterprise-level data protection and real-time recovery management solutions, has secured a second round of funding of $20 million, bringing its total funding to date to $29 million. Menlo Ventures led the round; additional investments were received from Polaris Venture Partners and US Venture Partners, Asempra’s Series A investors. The financing will be used primarily to fund the expansion of Asempra sales and marketing, customer service, support infrastructure, and product development. In April 2005 Menlo Ventures announced the formation of Menlo Ventures X (pronounced “ten”), L.P., capitalized at $1,200,000,000. Asempra Technologies is one of the first companies to receive financing from the new fund. Sonja Hoel, managing director, Menlo Ventures, was direct: “Menlo Ventures invests in leading companies that have the potential to dramatically change their industries. Asempra is positioned to revolutionize the way businesses back up, protect and recover data. We are extremely excited about the possibilities.” Dan Fraisl, Asempra’s president and CEO, said: “In 2005 we had a spectacular launch of the Asempra BCS and we are poised to take the company to the next level.During the past 2 years we have invested heavily in product development, and it is now time to invest in sales, marketing and customer support.”
In September 2005, Asempra announced the Asempra Business Continuity Server (BCS), a real-time recovery management platform which delivers transaction-aware continuous data protection with guaranteed data integrity and instant recovery. The Asempra BCS protects application data in its most efficient form — at the byte level — as transaction events occur in real-time, protecting organizations against data loss and downtime. Implementing an Asempra BCS solution eliminates backup windows and recovery point objectives approach zero data loss.
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