Disaster-proof hardware maker ioSafe Inc has closed a $2.5-million venture round from private equity firm Central Valley Fund II, according to The Sacramento Bee.
The report cited ioSafe founder Robb Moore saying: "Physical security of data is often overlooked. Nearly every business has vulnerabilities but still wants the flexibility and accessibility of their data. ioSafe, like an aircraft black box for data, specializes in hardware to help protect vulnerable data wherever it may reside - improving data backup and disaster recovery for its customers."
The Auburn-based company plans to use the investment to expand its indestructible external hard drives into the network attached storage sector. This will allow the firm to store data both on site and in the cloud, Sacramento Business Journal detailed.
ioSafe was established in 2005 with its portfolio of computer hard drives that are fireproof, waterproof, and trauma-proof. The products are available online and at Costco, Fry's, and other stores, the report stated.
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