RackTop Systems Secures $15 Million in Series A Funding

Leading provider of a secure, high-performance Network-Attached Storage (NAS) platform continues aggressive growth, helping federal and commercial organizations solve their most difficult data, cyber security and compliance challenges RackTop Systems, the pioneer of CyberConverged [TM] data security, a new market that fuses data storage with advanced security and compliance into a single platform, today announced it has closed $15 million in Series A funding. The financing was led by Razor’s Edge Ventures and Grotech Ventures with participation from Maryland Venture Fund, Blu Venture Investors and Gula Tech Adventures.

The Series A funding round will enable RackTop to accelerate near-term sales channel and product development expansion. RackTop’s secure, high-performance Network-Attached Storage (NAS) platform with embedded access controls, encryption and compliance has been proven to optimize business operations, improve productivity, reduce cost and strengthen security. RackTop’s technology has been deployed worldwide to manage more than 50 petabytes of customer data in a variety of industries including: the public sector; media, advertising and entertainment; financial services; health care; and life sciences.

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