Portable hard drive company DataLocker has secured $1.2 million (£820,000) to expand further into the European marketplace.
Portable hard drive company DataLocker has secured $1.2 million (£820,000) to expand further into the European marketplace.
The US-based company, which launched its hard drive a year ago, will receive the investment in two tranches, $600,000 now and the remainder in January. It will be used to open a European headquarters and develop a new version of its product.
Investors in the funding round include Gary Fish, CEO of FishNet Security; Jon Darbyshire, CEO of Archer Technologies; and Lance Melber, a director at Archer.
Says Melber, ‘All three of us have experience in starting and building companies as well as in security. We plan to help DataLocker develop a new design that will be more appealing to consumers and businesses who may not have considered the need for highly secure data storage.’
DataLocker’s products are distributed in the UK through Hampshire-based Origin Storage.
