Sonian Lands $9,000,000 Series B Round
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0ddb8182-18ef-4297-bf0e-7d848e3f9fa0&Preview=1 - Date
1/18/2011 - Company Name
Sonian - Mailing Address
100 Crescent Rd Needham, MA 02494 - Company Description
Sonian is a technology platform and hosted services company on a mission to help millions of organizations world-wide manage their critical IT functions such as archiving, search, compliance, e-discovery and storage management. The Sonian platform is easy to use, cost effective, scalable and secure. The Company leverages a mixture of Web 2.0 frame works, open source components, proprietary intellectual property, and grid computing utility infrastructure to deliver competitive hosted services at a fraction of the cost of other current vendors. - Website
http://www.sonian.net/ - Transaction Type
Venture Equity - Transaction Amount
$9,000,000 - Transaction Round
Series B - Proceeds Purposes
Sonian will use the funds for continued research and development for its information archiving platform, and business expansion to meet increasing demand for its affordable, reliable, scalable and secure archiving solutions. - M&A Terms
- Venture Investor
Amazon, Inc. - Venture Investor
Summerhill Venture Partners - Venture Investor
Prism VentureWorks
