Liminal BioSciences Inc. LMNL

MOORE WAS WITH THOMVEST - DID THEY PLAY DIRTY THERE TOO?

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By Luke Stangel  – Contributing writer

Jul 28, 2017, 12:39pm PDT  Updated  Jul 28, 2017, 3:51pm EDT

 

Mountain View-based cloud data backup company Axcient is merging operations with Denver-based eFolder.

Both Axcient and eFolder make enterprise software that helps companies protect their data in the cloud. Axcient launched in 2006 and raised an estimated $113.5 million in venture capital, most recently, a $25 million Series E in 2015.

Over its 11-year history, Axcient racked up industry superlatives: Inc. Magazine named it the fastest growing IT security company in the U.S. in 2013, the same year it was named the fastest-growing private company in Silicon Valley by the Silicon Valley Business Journal. That year, this newspaper also named Axcient CEO Justin Moore to its 40 Under 40 list of notable young entrepreneurs.

Moore will step down as CEO of Axcient, and serve as the chief strategy officer at the new company. Since 2012, he’s also worked as a venture partner at Redwood City-based Thomvest Ventures.

By Luke Stangel  – Contributing writer

Jul 28, 2017, 12:39pm PDT  Updated  Jul 28, 2017, 3:51pm EDT

 

Mountain View-based cloud data backup company Axcient is merging operations with Denver-based eFolder.

Both Axcient and eFolder make enterprise software that helps companies protect their data in the cloud. Axcient launched in 2006 and raised an estimated $113.5 million in venture capital, most recently, a $25 million Series E in 2015.

Over its 11-year history, Axcient racked up industry superlatives: Inc. Magazine named it the fastest growing IT security company in the U.S. in 2013, the same year it was named the fastest-growing private company in Silicon Valley by the Silicon Valley Business Journal. That year, this newspaper also named Axcient CEO Justin Moore to its 40 Under 40 list of notable young entrepreneurs.

Moore will step down as CEO of Axcient, and serve as the chief strategy officer at the new company. Since 2012, he’s also worked as a venture partner at Redwood City-based Thomvest Ventures.