Diligent Secures $10.5M

FRAMINGHAM, Mass. -- Diligent Technologies Corporation, a leading provider of enterprise-class de-duplication and data protection solutions, today announced that it has completed $10.5M in Series D funding, bringing the total amount raised to date to $46.5M. New investor Eastward Capital joins existing investors Matrix, Accel and Gemini to support Diligent in this round of funding. Diligent will use the funds to further its research and development of enterprise-class data protection technologies and acquire additional resources across its sales, support and engineering staff.

We are experiencing a significant and rapid increase in demand for our ProtecTIER enterprise data deduplication platform, said Doron Kempel, Chairman and CEO of Diligent Technologies. “In order to meet this demand, we raised funds that will allow us to increase our coverage in the field, enhance and accelerate our R&D plans as well as meet the demands of new Tier 1 and Tier 2 distribution partners that we will soon announce.”

Diligent Technologies Corp.