Topio secures $10 million second round venture financing
Next-generation data replication and disaster recovery solutions provider Topio has completed a $10 million second round of venture financing from Sigma Partners and Sequoia Capital.
This most recent round raises Topio's total funding to date to $13 million. Topio will utilize the funds to expand sales, marketing, and product development activities. Sigma Partners led the round as a new investor and was joined by Sequoia Capital, Topio's original venture partner.
Founded in 2001, privately held Topio develops and markets next-generation data replication and disaster recovery solutions that significantly extend the capabilities currently available to enterprises for consistent replication and disaster recovery. Topio is headquartered in Santa Clara, California, with a research and development center in Haifa, Israel. — (menareport.com)
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