Hybrid cloud computing firm Zynstra has secured £2.4m ($3.86m) in a series A round led by UK-based investor Octopus Investments.
Zynstra was founded in 2011 and utilises technology originally developed at the University of Bath Innovation Centre which was spun-out from the university to the company with the assistance of commercialisation partnership SETsquared.
The company offers what it describes as a hybrid cloud service, offered to small-to-medium enterprises, which can provide the security of local intranet with the flexibility of cloud computing.
The UK-based firm has now raised $6.5m in venture backing. In addition to the latest round, the firm raised $2.4m in angel funding while in stealth mode last year, and a further $225k in seed backing at the start of 2012.
Nick East, Zynstra co-founder and chief executive, said: “We will use the additional funding to build on the existing patent-pending technology that sits at the heart of the Zynstra solution. We will also be aggressively expanding our channel programme to reach small and medium-sized businesses. We are delighted to have such great investors behind us.”
