November 8, 2007
ExaGrid lands $20M from Lehman
By Matthew L. Brown
ExaGrid Systems Inc. of Westborough has rounded up $20 million in funding from Lehman Brothers Venture Partners, the venture capital arm of international investment bank Lehman Brothers.
The funding will help ExaGrid expand its sales and marketing efforts in North America, Europe and Asia and get the company to "cash positive status." The company's current investors, Highland Capital Partners and Sigma Partners, also took part in this latest funding round.
ExaGrid makes disk-based data back-up products.
The funding will help ExaGrid expand its sales and marketing efforts in North America, Europe and Asia and get the company to "cash positive status." The company's current investors, Highland Capital Partners and Sigma Partners, also took part in this latest funding round.
ExaGrid makes disk-based data back-up products.
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