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Data Centers

Yosemite Grows $10M More

Tape backup vendor says it's already profitable. Now it must hold off SMB competitors
June 08, 2004

Tape backup vendor Yosemite Technologies Inc. has backed up its trucks for $10 million in a B funding round.

The Fresno, Calif.-based company isn't a newbie. It's been around since 1996 and carved a niche with its TapeWare backup product for small to medium-sized businesses (SMBs), which it sells exclusively through partners (see Yosemite Releases TapeWare 7).

Indeed, Yosemite CEO Kevin Reinis says the company is already profitable, thanks to OEM deals with Dell Computer Corp. (Nasdaq: DELL), Hewlett-Packard Co. (NYSE: HPQ), Certance LLC, and Gateway Inc. (see HP Bundles Yosemite Into Tape, Certance Backs Up SMBs, and Gateway Chews Storage Cud).

Yosemite, which now has 68 employees, will try to expand its international sales capabilities with the latest funding, which was led by Trinity Ventures

with participation of previous investors Hummer Winblad Venture Partners
and Altos Ventures.

Yosemites first round of funding pulled in $5 million in April of 2003.

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