Clickfree Raises More Funding from Intel Capital, Now a Total of $33M
Clickfree, a backup solutions provider, today announced a new funding from investor Intel Capital. The investment will drive the development of its industry-leading technology as it expands globally. It is designed to meet back up needs of a wide array of consumers, depending on their needs and budgets.
“As the global market for consumer backup continues its explosive growth, we are ideally positioned to meet the backup needs of consumers worldwide with our totally automated products,” said Bryan McLeod, chief executive officer, Storage Appliance Corporation.
“Our phenomenal growth of 64,000 percent over the last 5 years and number one position on Deloitte’s Fast 50 Canadian Technology Companies for 2010 demonstrates a huge demand for consumer backup and illustrates the success of Clickfree’s cleverly simple products to date.”
Clickfree provides an instant backup solution to PC and Macs. All it takes is to plug a Clickfree device into the computer USB port, and then the device will do the rest from there. Clickfree will back up files across over 400 file types with no download and software installation needed.
“With the extraordinary growth of data and media, consumers need user friendly technologies to keep digital content safe and available,” said Bryan Wolf, Managing Director, Intel Capital. “Clickfree’s storage solutions combine ease-of-use with the latest storage innovations, helping consumers effortlessly back up digital information.”
Clickfree is now available in 35 countries and more than 7,000 retail locations worldwide. A prior investment on Clickfree is a venture round of $15 million last August 2010, bringing the total capital raised to $35 million. The company operates under Storage Appliance Corporation, the inventor of the device.
Recently, the company unveiled two additions to their product offerings at CES this week, including the ClickFree Traveler and Clickfree DVD Transformer. Clickfree Traveler is a back up device the size of a credit card, and is available in 16 GB, 24 GB and 64 GB. Clickfree DVD Transformer, on the other hand, is a small, flash-based USB key that connects to a notebook’s USB port.
Clickfree’s investor, Intel Capital, has also made several other deals in recent months, including a $3 million investment on Openfeint, the mobile gaming platform that’s taken the industry by storm.
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