Axxana Secures Series B Funding to Accelerate Uptake of Phoenix

axxannaData protection software startup Axxana has secured a $9 million Series B investment led by Carmel Ventures. The investment proceeds will be used to help accelerate greater adoption of Axxana’s Phoenix System.

The Phoenix System is a data lossless system and the self-proclaimed “holy grail of disaster recovery systems”. The company’s Phoenix System™, which is targeted at storage vendors, consists of multiple components: the Black Box, which holds the data at the main site; the Collector, which processes, encrypts and stores the data onto a SSD contained in the Black Box; the Recoverer, which is installed at remote sites and manages the recovery process: and the Management Tool, which helps monitor and manage the whole system.

The core value proposition is that Axxana is that it delivers disaster recovery with no data loss over any distance while delivering costs savings relative to traditional data mirroring systems. The approach is different to traditional synchronous mirroring implementations and has received praise from storage industry analysts. Earlier this year it was identified by Gartner as on of the “Cool Vendors in Storage Technology, 2009”, a list highlingting “interesting, new and innovative vendors, products and services”.

The financing follows on from a $5 million Series A which was led by Gemini Israel Funds in June 2007.

gmugliston

Geoffrey Mugliston (mer-gliss-ton) is a London-based Australia-born entrepreneur, strategist and blogger. He began writing for VC Cafe in 2009 with the objective of showcasing promising Israeli startups to the global startup and investment community. He is co-founder of a consumer internet company with its development team based in Haifa (currently in stealth-mode). He also serves as adviser to a pan-European startup which develops software for print service providers. Prior to his current projects, Geoffrey worked in management consulting with a focus on the infrastructure sectors. When not working (though sometimes while working) he enjoys coffee, running and engaging in intense debate. He holds an undergraduate degree in finance from the University of Sydney.

gmugliston

Geoffrey Mugliston (mer-gliss-ton) is a London-based Australia-born entrepreneur, strategist and blogger. He began writing for VC Cafe in 2009 with the objective of showcasing promising Israeli startups to the global startup and investment community. He is co-founder of a consumer internet company with its development team based in Haifa (currently in stealth-mode). He also serves as adviser to a pan-European startup which develops software for print service providers. Prior to his current projects, Geoffrey worked in management consulting with a focus on the infrastructure sectors. When not working (though sometimes while working) he enjoys coffee, running and engaging in intense debate. He holds an undergraduate degree in finance from the University of Sydney.

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