Storage Appliance Corporation, which operates under the Clickfree brand, is a Richmond Hill, Ontario, Canada–based developer of patented automatic backup solutions. Its consumer device plugs into a PC or Mac USB port and requires no software installation or configuration. The company’s technology automatically searches for over 400 file types and backs them up, and its solutions are already available in 35 countries. The article states the company has raised over $33M in venture capital to date. This financing from Intel Capital follows a $15M venture round in August 2010. Storage Appliance says it will use the new capital to continue developing its technology and to expand its worldwide presence; McLeod is the chief executive officer. Storage Appliance Corporation develops consumer backup software marketed as Clickfree Automatic Backup. Clickfree is available in 25 countries and sold in over 7,000 retail locations. The company has 23 patents pending. It says the new capital will be used to expand its product line worldwide. This financing follows a $10m round led by Toronto’s Jefferson Partners in April 2009 and brings total venture capital raised to over $30m. The new $15m investment comes from the Tandem Expansion Fund; the company is based in Richmond Hill, Canada.

Total raised

$15M

Funding rounds

2

Latest round

Equity

Latest activity

Aug 2010