CEO: Jeff Flowers
Boston-based SageCloud, which develops storage systems for archival and backup data, in June completed a $10 million Series B financing round the company plans to use for accelerating the deployment of the SageCloud's products with initial customers and expand operations. The company, founded by Jeff Flowers, the co-founder and former CTO of Carbonite, followed up in August by signing an OEM agreement with Avnet's Rorke Global Solutions under which the two are jointly developing new, petabyte-scale storage solutions for cold data expected to be released early next year. SageCloud combines its proprietary software, based on the open-source, high-performance ZFS file system, with industry-standard hardware and low-cost desktop-class hard drives into an on-premise cloud backup and archival solution that can be delivered as a service. The service supports multitenant operations, which the company said allows it to be used similar to the Amazon Glacier cloud archiving solution.