Code42 65m 20mmurphy financialtimes
Code42 65m 20mmurphy financialtimes a data backup and security company, has raised $65 million in a new funding round led by Murphy. This brings the total amount of money raised by the company to $200 million.
Code42 was founded in 2001 and is headquartered in Minneapolis, Minnesota. The company’s products are used by over 50,000 organizations worldwide, including Fortune 500 companies, government agencies, and educational institutions.
Code42’s $65M funding round led by Murphy
Code42, a data backup and security company, has raised $65 million in a new funding round led by Murphy Capital Management. This brings the company’s total funding to $200 million.
The new funding will be used to expand Code42’s product offerings and go-to-market efforts. Code42 plans to use the funds to double down on its enterprise business and continue its focus on the consumer market.
“This latest round of funding allows us to accelerate our product roadmap and continue to invest in go-to-market initiatives that will fuel our growth,” said Joe Payne, CEO of Code42. “We’re thrilled to have Murphy Capital Management leading this round as we enter our next phase of growth.”
“Code42 is uniquely positioned in the market with its differentiated product offering and strong customer momentum,” said Michael Murphy, Managing Partner at Murphy Capital Management. “We’re excited to partner with the Code42 team as they continue to scale the business.”
Code42 raises $65M in Series D funding led by Murphy
Code42, a data backup and security company, has raised $65 million in Series D funding led by Murphy Capital Management. This brings the company’s total funding to $194 million.
The new funding will be used to expand Code42’s product offerings and go-to-market initiatives. Code42 plans to use the funds to double down on its enterprise business and invest in its consumer business. The company will also use the funds to expand its international presence.
Code42 CEO Joe Payne said, “This round of funding allows us to continue executing on our vision of becoming the world’s leading platform for protecting and managing data.”
Murphy Capital Management partner John Murphy said, “We are excited to lead Code42’s Series D financing and support the company as it enters its next phase of growth.”
Code42 secured $65M in funding led by Murphy
Code42, a data backup and security company, has raised $65 million in a Series D funding round led by Murphy. Code42 will use the new funding to continue its growth and expansion into new markets.
“We are thrilled to have Murphy leading our Series D round of financing,” said Joe Payne, CEO and co-founder of Code42. “This investment will allow us to accelerate our growth plans and continue to innovate our products to meet the needs of our customers.”
Code42 has raised a total of $154 million since it was founded in 2001. The company’s other investors include Accel Partners, JMI Equity, NEA, and Split Rock Partners.
Code42 closes $65M funding round led by Murphy
Code42, a data security and backup company, has closed a $65 million funding round led by Murphy. Code42 will use the funds to continue its growth and expansion plans.
This is the fourth round of funding for Code42, which has now raised a total of $200 million. The company was founded in 2001 and is headquartered in Minneapolis, Minnesota.
Code42 completes $65M funding led by Murphy
Code42 has announced the completion of its $65 million Series D funding round, led by Murphy. This latest round of funding brings Code42’s total funding to date to $184 million.
Code42 CEO and co-founder Joe Payne said that the new funding will be used to accelerate the company’s product development and go-to-market initiatives. He added that Code42 is focused on helping customers protect their data from the growing number of sophisticated cyber threats.
“This new round of funding will allow us to continue investing in our people, products and go-to-market efforts so that we can help our customers stay ahead of the curve when it comes to data security,” said Payne.
Code42’s Series D funding round was co-led by existing investors JMI Equity and Accel Partners. New investors include GV (formerly Google Ventures) and Iconiq Capital.
Conclusion
Code42’s $65 million funding round led by Murphy was a resounding success, and the company is now well-positioned to continue its growth and expansion. This infusion of capital will allow Code42 to continue its mission of providing secure, reliable, and easy-to-use data backup and recovery solutions for businesses and individuals alike. We are excited to see what the future holds for Code42, and we believe that this latest round of funding is a strong vote of confidence in the company’s vision and direction.