WD Backs Hightail

Irvine-based WD, via its venture investment arm, Western Digital Capital, has backed online file sharing service Hightail, in a $34M Series E funding round. Hightail--which is based in Campbell, California--said the funding round also included Alloy Ventures, Sevin Rosen, Emergence Capital, Adams Street Partners and Sigma Partners. The new funding brings the company's total raised to $83M. The investment in Hightail by Western Digital Capital was led by Mark Long. Hightail was formerly known as Yousendit. More information »