Data Robotics (Drobo) Secures $15 million in Funding

Data Robotics, Inc. announced today that it has secured $15 million in Series D funding. The round was led by existing investor Greylock Partners and welcomes New Enterprise Associates (NEA) with participation from returning investors, RRE Ventures, and Sutter Hill Ventures. The additional capital will allow Data Robotics to meet the growing market demand for its award-winning line of Drobo storage products.

"Our strategy from the beginning has been to make highly advanced storage technology simple and easy to use and build the strongest sales channels and partnerships possible. This new round of funding will enable us to accelerate this strategy by further strengthening our market position and accelerating future products," said Geoff Barrall, CEO and co-founder of Data Robotics. "Given our success thus far and the strong growth in SOHO and small business storage market, we believe there is a significant opportunity to further increase our market share by continuing to build the most advanced and innovative storage products available. I am thrilled to see our vision validated by our investors."

Data Robotics established itself as an industry leader by offering a superior alternative to decades-old RAID storage technology. The Company has shipped more than 30,000 systems since launching Drobo in the summer of 2007 — making Data Robotics one of the fast growing storage companies in the world.

"Our continued support for Data Robotics is founded on the company’s track record, phenomenal progress and the excellent management team in place. We are excited about the future success of Data Robotics and I am happy to count myself among the many proud Drobo owners worldwide," said Aneel Bhusri, Partner of Greylock Partners.