9 hours ago
Exclusive: Slide raises $25M Series A for data recovery
Slide, a data disaster recovery platform, locked up a $25 million Series A round led by Base10 Partners, cofounder and CEO Michael Fass tells Axios Pro.
Why it matters: Business are searching for tools to protect data and business operations as ransomware and malware attacks increase and threats of network outages loom.
How it works: Slide's business continuity and disaster recovery platform was built specifically for managed service providers that help secure small and medium-sized businesses.
Catch up quick: The platform debuted in the market in February, but is already being used by hundreds of MSPs, Fass says.
Zoom in: Outsiders Fund and Top Down Ventures also took part in the Series A.
Founded in 2023, the Norwalk, Connecticut-based Slide has raised nearly $30 million.
Context: Slide cofounder and chair Austin McChord was founder and CEO of security and cloud-based software company Datto, which was bought by IT management firm Kaseya in 2022 for about $6.2 billion.
Fass served as general counsel and chief people officer at Datto.
What they're saying: The Datto "transaction was not the outcome we had wanted," McChord says. "We thought, 'What if we start over and deliver the vision we have for MSPs?'"
