Internet Wire

OuterBay Receives $12 Million in Series C Funding Led by Focus Ventures, Focus Ventures Joins BA Venture Partners, LeapFrog, Mayfield, and Redpoint Ventures in Backing Information Lifecycle Management Leader.

CUPERTINO, CA, Mar 21, 2005 (MARKET WIRE via COMTEX)

OuterBay, a leader in information lifecycle management (ILM) solutions for applications and databases, today announced it has received $12 million in Series C financing. Focus Ventures led the round with a $4.2 million investment, bringing OuterBay's total funding to $40 million. The round was completed at an increased valuation over the prior round, which occurred in June of 2003. Previous investors BA Venture Partners, LeapFrog Ventures, Mayfield, and Redpoint Ventures also participated. The financing will be used to expand field and product operations for OuterBay's ILM products which lower IT infrastructure costs, increase application performance and help companies comply with data retention regulations. …

Log in to your account to read this article – and millions more.