IT Disaster Recovery Aided by $1.77B in Venture Assistance
October 31, 2012
2012 has become the year of the natural disaster in the U.S., and, conveniently, 2011 was a banner year for IT disaster recovery companies seeking capital. Investors stormed in with funding for the industry last year, leading capital invested to spike at $234 million and leaving companies well-funded to help handle Hurricane Sandy's impact. Altogether, companies that provide IT disaster recovery solutions have soaked up $1.77 billion in venture capital over the years, according to the PitchBook Platform. Not surprisingly, California leads for capital invested, with big deals for companies such as Teneros and Troika Networks landing in the state. On the investor side, Greylock Partners, Intel Capital and Mohr Davidow Ventures are currently providing the most venture assistance; each of those firms maintains three active investments in the IT disaster recovery space.
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