Auburn’s ioSafe raises $2.5 million in funding for future growth

Published: Tuesday, Mar. 4, 2014 - 2:01 pm

Auburn-based ioSafe Inc., the nine-year-old company that has made national headlines with its virtually indestructible external hard drives, has raised $2.5 million from the Davis-based private equity investor group, Central Valley Fund II.

The company plans to use the funds to expand its disaster-proof product business into the private cloud/network attached storage markets as well as licensing its technology to other data storage companies.

“Physical security of data is often overlooked. Nearly every business has vulnerabilities but still wants the flexibility and accessibility of their data,” said Robb Moore, ioSafe’s CEO and founder. “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.”

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Call The Bee’s Mark Glover, (916) 321-1184.

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