Motorola Ventures part of $31.4m investment consortium for Cleversafe's C round.
US-based cloud storage company Cleversafe has raised $31.4m in its extended series C round from a consortium including Motorola Ventures, the corporate venturing unit of mobile phone maker Motorola.
Reese Schroeder, managing director of Motorola Ventures, said: "Cleversafe’s compelling technology offers very high levels of security, scalability and significant cost savings compared to conventional approaches. We hope to leverage the Cleversafe cloud storage platform for our customers."
The other members of the consortium included venture capital firms New Enterprise Associates…
