DataGravity, a data management company based in Nashua, has raised $50 million in venture funding to help expand its line of products that help businesses better understand the types of data taking up space on their systems.
DataGravity touts its product as a data-aware storage platform. In addition to providing protection and search and discovery capabilities, it helps businesses understand the types of information they have stored on their systems. For example, cofounder and chief executive Paula Long said DataGravity worked with a local high school to uncover hundreds of files “the school didn’t want to be a custodian of,” such as old photos and e-mails, and student records from decades ago.
Long founded the company in 2012 with fellow tech veteran John Joseph. Long had previously founded New Hampshire-based EqualLogic, which was acquired by Dell for $1.4 billion in 2007; Joseph served alongside her at EqualLogic in an executive role. The two also worked together at legendary computer firm Digital Equipment Corp.
The new funding comes from a group of well-known Silicon Valley-based venture capital firms, including Accel Partners and Andreessen Horowitz. CRV and General Catalyst Partners, which have offices in both California and Cambridge, are also taking part in the round. To date, DataGravity has raised $92 million.
What is the attraction of DataGravity for high-profile firms Andreessen Horowitz and Accel? Long said the company’s reputation of being customer focused is a differentiator in the industry. That both executives were successful in prior ventures didn’t hurt, either.
“Having a track record that you can ‘walk the walk’ helps,” Long said. “We did it once before, and there is some credence that you can do it again.”