Cloud Storage, Online Backup: Intronis Raises $3.85 Million
Intronis, which promotes cloud storage and online backup to managed services providers (MSPs), has raised $3.85 million to fuel company expansion, CEO Kent Plunkett (pictured) has confirmed to MSPmentor. The investors include…
…existing investors and friends and family — such as Plunkett’s own family, which invested $850,000. “It’s safe to say that’s a vote of confidence in what we’re doing here at Intronis,” said Plunkett. Also still involved with the company: OpenView Venture Partners.
Intronis is growing roughly 50 percent or more annually, and performing “right on plan” so far in 2012, Plunkett indicated. “Our MSP partners are responding well to our messages and [cloud] services we’re offering,” he added.
An SEC filing dated May 1, 2012, offered some clues about the funding. Plunkett confirmed the final figure — $3.85 million — during a conversation with me earlier today.
Overall, the cloud storage market continues to perform strongly. Most of the MSPs in our annual MSPmentor 100 survey have pushed into both managed and cloud storage. And among the world’s Top 100 Cloud Services Providers, 73% offer cloud storage services either from their own data centers or via third-party cloud storage providers, according to our second-annual Talkin’ Cloud 100 survey results, announced May 16, 2012.
Still, we’re starting to hear rumblings that some cloud storage companies are trimming expenses and perhaps even cutting some staff. Are there too many vendors in the market? We’re poking around for firm details now.