About Axcient
Axcient is a company based in Denver (United States) founded in 2006 was acquired by ConnectWise in September 2024.. Axcient has raised $98.69 million across 10 funding rounds from investors including ConnectWise, Silver Lake and Peninsula Ventures. Axcient offers products and services including x360Recover, x360Cloud, and x360Sync. Axcient operates in a competitive market with competitors including Acronis, Veeam, Rubrik, Cohesity and AvePoint, among others.
- Headquarter Denver, United States
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Axcient, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$98.69 M (USD)
in 10 rounds
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Latest Funding Round
$4 M (USD), Series E
Aug 22, 2016
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Investors
ConnectWise
& 6 more
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Employee Count
Employee Count
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Acquired by
ConnectWise
(Sep 10, 2024)
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Products & Services of Axcient
Axcient offers a comprehensive portfolio of products and services, including x360Recover, x360Cloud, and x360Sync. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides flexible BCDR for MSPs with hardware and cloud options.
Backs up and restores Microsoft 365 and Google Workspace data.
Enables secure file sharing and endpoint protection against ransomware.
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Funding Insights of Axcient
Axcient has successfully raised a total of $98.69M across 10 strategic funding rounds. The most recent funding activity was a Series E round of $4 million completed in August 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 10
- Last Round Series E — $4.0M
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First Round
First Round
(01 Sep 2008)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2016 | Amount | Series E - Axcient | Valuation |
investors |
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| Feb, 2015 | Amount | Debt – Venture - Axcient | Valuation |
investors |
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| Feb, 2015 | Amount | Series E - Axcient | Valuation | Industry Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Axcient
Axcient has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include ConnectWise, Silver Lake and Peninsula Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Technology investing and private equity firm focused on partnerships.
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Founded Year | Domain | Location | |
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Early-stage US tech startups are invested in by Peninsula Ventures.
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Founded Year | Domain | Location | |
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Early-stage venture capital investments are focused on US companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Axcient
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Axcient
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Axcient Comparisons
Competitors of Axcient
Axcient operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Acronis, Veeam, Rubrik, Cohesity and AvePoint, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based enterprise management solutions including backup and recovery are provided.
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| domain | founded_year | HQ Location |
IT backup and recovery solutions are provided via cloud platform.
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| domain | founded_year | HQ Location |
Converged data management solutions are provided for backup and recovery.
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| domain | founded_year | HQ Location |
Cloud and AI based enterprise data backup and management solutions
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| domain | founded_year | HQ Location |
Cloud based platform offering data backup and recovery solutions
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| domain | founded_year | HQ Location |
Cloud-based environments are delivered for application development and testing.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Axcient
Frequently Asked Questions about Axcient
When was Axcient founded?
Axcient was founded in 2006 and raised its 1st funding round 2 years after it was founded.
Where is Axcient located?
Axcient is headquartered in Denver, United States. It is registered at Denver, Colorado, United States.
Is Axcient a funded company?
Axcient is a funded company, having raised a total of $98.69M across 10 funding rounds to date.
What does Axcient do?
Axcient was founded in 2006 in Denver, United States, and operates in the cloud-based software sector focused on business continuity. Solutions for data storage and disaster recovery are offered, with real-time tracking of block-level changes across protected devices and transmission of only modified blocks to the cloud. Services include direct-to-cloud backups, cloud-enabled file management, Office 365 protection, DRaaS, and remote workplace solutions.
Who are the top competitors of Axcient?
What products or services does Axcient offer?
Axcient offers x360Recover, x360Cloud, and x360Sync.
Who are Axcient's investors?
Axcient has 7 investors. Key investors include ConnectWise, Silver Lake, Peninsula Ventures, Scale Venture Partners, and Thomvest Ventures.
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