Norwalk-based data backup software company Slide has raised $70 million in a Series B funding round led by venture capital firm General Catalyst.
Norwalk-based data backup software company Slide has raised $70 million in a Series B funding round led by venture capital firm General Catalyst, as the startup founded by Datto creator Austin McChord expands its platform and international presence.
Slide develops business continuity and disaster recovery software used by managed service providers, or MSPs, to back up and restore data and systems for their clients.
The company was co-founded by McChord, who built Norwalk-based Datto into a major provider of data backup and cybersecurity services before selling the company to security firm Kaseya in a multibillion-dollar deal in 2022.
Slide is McChord’s latest venture in the data protection market. The company is led by CEO and co-founder Michael Fass, Datto’s former general counsel and chief people officer.
Slide said the new capital will be used to expand its platform, add new products and support international growth.
As part of that expansion, Slide announced it has opened a United Kingdom office and launched a data center in Germany to serve partners in Europe, the Middle East and Africa.
Other investors participating in the funding round include Base10, Outsiders Fund, futurepresent, Vine Ventures, Glynn Capital Management, Benchstrength, Top Down Ventures and Connecticut Innovations.
The company said it plans to use the funding to accelerate development of its software platform and expand its workforce.
The company is headquartered in Norwalk and operates in North America and Europe.
