Earlier this month, Axcient, a Mountain View, CA-based provider of on-demand data protection services for small and medium-sized businesses, raised $7 million from Novus Ventures. Now, in a Series D round of financing led by Scale Venture Partners and Thomvest Ventures, the company has raised an additional $20 million in fresh funds. The new capital will reportedly be used to hire over 50 people in engineering, sales and marketing. The $20 million round also saw participation from Peninsula Ventures and Allegis Capital. To date. the company has raised over $50 million.