Wednesday, June 7, 2006

Revinetix Gets More Angel Funds

Salt Lake City, Utah-based Revinetix has received additional angel funding, according to its existing investor Grow Utah Ventures. Grow Utah said that Olympus Angels, Ogden Angel Investors, and Cache Valley Venture Accelerator Club have all added to the firm's seed funding of Revinetix. Revinetix is developing disk-based, backup and recovery appliances. The firm's appliances are used for small business backup, and replace tape-based storage with disk-based backup and restore capability. Grow Utah is a $15M angel investment fund focused on investing in Utah companies. More information »