Axcient Inc., an innovator of comprehensive data protection software-as-a-service (SaaS) solutions for small and medium-sized businesses (SMBs), today announced it has secured an additional $2 million to top off its $6 million Series A round of funding, for a total of $8 million. The newest backer, Thomvest Ventures, is a venture investor focused on emerging leaders in software, hardware, and networking technologies.  Thomvest is joined by previous investors in the round Allegis Capital and Peninsula Ventures.   In addition, Axcient has named industry veteran Jack McGovern as its chief financial officer.

The funding will be used to further enhance Axcient’s technology platform, grow operations, increase sales and marketing initiatives, and better serve Axcient’s expanding customer base. Axcient delivers a hybrid on-premise and cloud data protection and business continuity service… More>>