Backupify Secures $9 Million In Series C Funding

[Techtaffy Newsdesk]

Backupify, a provider of online backup services for cloud application data and social media content, has secured $9 million in Series C funding from Symantec, as well as existing investors Avalon Ventures, General Catalyst Partners and Lowercase Capital. In combination with previous funding, the company has now raised a total of $19.5 million. Backupify will apply the funds to accelerate further development and adoption of its backup solutions, and support for additional online services.

Over the last three years, Backupify has safeguarded data for more than 5,000 businesses, backing up more than 300 terabytes of data stored including more than two billion emails, says the company.

Just in

Reddit hasn’t turned a profit in nearly 20 years, but it just filed to go public anyway — CNN

Reddit — which is not yet profitable — says it seeks to grow its business through advertising, more e-commerce offerings and by licensing its data to other companies to train their artificial intelligence models, writes Clare Duffy and John Towfighi.

Leidos awarded $143M Defense Intelligence Agency technology platform contract

Leidos has obtained a task order contract from the Defense Intelligence Agency's (DIA) Science & Technology Directorate. This contract tasks Leidos with the creation and implementation of a comprehensive system for managing open-source intelligence

Staff say Dell’s return to office mandate is a stealth layoff, especially for women — The Register

The implications of choosing to work remotely, we're told, are: "1) no funding for team onsite meetings, even if a large portion of the team is flying in for the meeting from other Dell locations; 2) no career advancement; 3) no career movements; and 4) remote status will be considered when planning or organization changes – AKA workforce reductions," writes Thomas Claburn. 

Orkes raises $20M

Cupertino, CA-based Orkes, a company focused on the scaling of distributed systems, has raised $20 million.

Motorola Solutions appoints Nicole Anasenes to board

Motorola Solutions announced the appointment of Nicole Anasenes to its board of directors. Ms. Anasenes has over two decades of experience in leadership roles across software and services, market development, acquisitions, and business transformation.