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RackTop Systems Closes $15 Million in Latest Funding Round


RackTop Systems, the provider of CyberConverged data security, has closed $15 million in Series A funding, which, it says, will enable the company to accelerate near-term sales channel and product development expansion.

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.

RackTop’s secure, high-performance network-attached storage (NAS) platform with embedded access controls, encryption, and compliance can optimize business operations, improve productivity, reduce cost, and strengthen security.

According to RackTop Systems, its 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.

“It is costly and complex for enterprises to meet the rising challenges of both storing and managing large data volumes, while at the same time addressing expanding compliance requirements and attempting to protect data from persistent cyber threats,” said Eric Bednash, co-founder and CEO of RackTop Systems. “Our product fuses data storage with cyber security to create a unique platform that solves these challenges inherently without added complexity or cost beyond that of legacy storage products alone.”

RackTop’s flagship product, BrickStor, is an all-in-one data storage and management platform that is designed to protect sensitive data from cyberattacks while addressing internal and regulatory compliance requirements. With an intuitive, easy-to-use interface, the company says, BrickStor is simple to manage and easy to scale.

For more information about this news, visit www.racktopsystems.com.


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