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MA Startup: Copiun Closes $5M Series A Round For Entreprise Alternative To DropBox

Cloud based storage is a hot topic these days. We’re all anxiously awaiting for Google’s product in the space, said to be called Google Drive. The top contenders in the space already are the popular Dropbox and equally as popular Both services offer user the ability to store any kind of file they’d like in their own personal space on the cloud. Both are also using promotions with vast amounts of free storage to attract personal users. However some IT departments don’t feel that traditional cloud based storage offerings are adequate for enterprise.

That’s where Massachusetts based CopiunĀ comes in. Founded by CEO Puneesh Chaudhry and plans to tackle cloud based storage secure enough for corporate IT departments. Chaudhry has found that many people like DropBox however they want it more secure.

“They are saying, can you make my corporate data accessible on these devices, in a secure way,” he told the Boston Business Journal.

While making cloud based data services more secure for enterprise they are also tackling the BYOD market of prosumers as well. More and more people are choosing to bring their personal device to work. There are a variety of software solutions that allow IT departments to securely allow those employees to use a separate “area’ of their phone for business and another for personal.

“You could be sitting in a Starbucks and not connected to the corporate network, and whatever data your company has authorized to be accessible on a device, you can access it, edit it and sync it back. And it only goes to the corporate repository,” Chaudhry said in the same interview.

Copiun’s current $5 million dollar series A round was led by Maryland Venture Capital Firm Novak Biddle Venture Partners. They previously received $1.86 million dollars in a 2010 round led by Boston venture groups; Hub Angels, Launchpad Ventures and Beacon Angels.

Source: Boston Business Journal



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