ExaGrid Bytes into $12M Round

Westborough, MA-based disk-based backup solutions company ExaGrid Systems has garnered $12 million in Series D funding, PE Hub reports. Participants include previous investors Highland Capital Partners, Sigma Partners, and Lehman Brothers Venture Partners. The company has reportedly taken in some $87 million in venture funding since its 2002 founding.

Bob is Xconomy's founder and editor in chief. You can e-mail him at bbuderi@xconomy.com, call him at 617.500.5926. Follow @bbuderi

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