|Post IPO Valuation|
|Series A, 3/2006 |
|Series A, 12/2006 |
|Series B, 5/2007 |
|Series B, 12/2007 ||$5M|
|Series C, 9/2008 |
Performance Equity Management
|Series D, 1/2010 ||$20M|
Carbonite was originally focused on photo storage, but in May of 2006 changed paths. They now offer a very competitive internet based backup solution. For $59/year Carbonite will backup all the data on your computer as long as it’s connected to the internet. The service has no upload limits and Carbonite can surely handle all of your data with a datacenter that can hold 1.5 petabytes (1.5 Petabytes = 1,572,864 Gigabytes) of data.
In the last year nearly 100 million digital photos, documents, emails and other files that otherwise would have been lost forever, have been recovered using Carbonite.
Carbonite claims that “statistically, you have about a 1 in 12 chance of having your hard drive crash in any given year, about a 1 in 10 chance of having your laptop stolen, and about a 1 in 3 chance of serious data loss through your own errors.” Regularly backing up your hard drive is one thing that way too many people don’t do and Carbonite provides an easy solution.
In addition to being able to signup through their website, they offer a boxed product available at Staples, CompUSA, Amazon and other stores. Also, Carbonite signed an agreement with Microsoft to include a year of free online backup with Microsoft Money 2007 and is included as part of a software kit named OrganizeMY Electronic Filing Cabinet For Dummies. Carbonite recently launched both remote access features and a Mac client in March 2009.
|Launch Date||July 18, 2007|
|Tags||backup, carbonite, file-storage|
Carbonite’s backup solution works by placing colored dots on your files and folders. Different colors represent if the file has been backed up, will be backed up or will not be backed up. Once Carbonite is setup, it requires little ongoing work on behalf of the user.
The Carbonite client is always looking for new data on your PC. When you add or modify files, Carbonite starts backing them up immediately. It backs up about 2GB per day over broadband. Backups automatically slow down while you’re using your computer and speed up again when your computer is idle. Your data is encrypted using the same techniques that most banks and e-payment sites use and then stored on Carbonite’s secure servers.
If you ever do run into a problem and need to restore your data, you can download your files at up to 15GB per day over broadband. Overall Carbonite offers a good backup solution that isn’t tedious, time consuming or too expensive.