Summerhill Venture Partners co-leads US$8 mln top-up of Sonian's Series A
Sonian Inc, a provider of cloud-powered e-mail archiving, has raised an additional US$8 million from existing investors, including Canadian venture capital firm Summerhill Venture Partners. The funding, which included contributions from U.S. firms OpenView Venture Partners and Prism Venture Partners, brings the company's Series C financing round to US $21.6 million in total. Investment proceeds will be used to develop Sonian’s next-generation DiscoverStor™ platform, which will be unveiled in the first quarter of 2014. Founded in 2007, the Newton, Mass.-based Sonian has been venture-backed since 2009. The company said its technology currently serves more than 14,000 customers in 40 countries.
14 January 2014•3 mins read
