{"id":356163,"date":"2010-02-24T00:01:12","date_gmt":"2010-02-24T05:01:12","guid":{"rendered":"http:\/\/www.xconomy.com\/?p=64857"},"modified":"2010-02-24T00:01:12","modified_gmt":"2010-02-24T05:01:12","slug":"marathon-technologies-stretches-b-round-to-13-5m","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/356163","title":{"rendered":"Marathon Technologies Stretches B Round to $13.5M"},"content":{"rendered":"\n
IT<\/a>, deals<\/a>, VC<\/a><\/div>\n

\t\t\"Marathon<\/a>
\n\t\tRyan McBride wrote:<\/strong><\/p>\n

Marathon Technologies has socked away more cash, about five months after announcing the arrival of new CEO Jim Welch. The Littleton, MA-based maker of fault tolerance software has wrapped up a third closing of its Series B round of venture capital, bringing the total funding in the round to $13.5 million, according to a regulatory filing<\/a>.<\/p>\n

Welch wasn’t available for comment at his office late Tuesday afternoon. Marathon had raised a total of $7 million in the financing round by August, with backing from Waltham, MA-based venture firms Atlas Venture and Longworth Venture Partners, as well as Sierra Ventures, of Menlo Park, CA. In September, Wade talked to Welch, a former IBM executive, about the CEO’s plans for finding additional markets for the firm’s software<\/a> after a period of focusing on technology development at the company.<\/p>\n

“Today our tech is very much sold and used as a point solution,” protecting Windows servers, Welch told Wade. “But the opportunity in the enterprise is obviously much more broad. I want to see us protecting Exchange servers or fetal heart monitors or whatever it may be. We need to continue to expand our capabilities for a heterogeneous world.”<\/p>\n

Marathon<\/a>’s software is designed to provide almost seamless transitions of computing workloads from downed servers to operational servers. In 2008, the firm launched software for switching workloads in a similar fashion between virtual servers and formed a partnership with Ft. Lauderdale, FL-based Citrix Systems<\/a> (NASDAQ:CTXS<\/a>), a major provider of virtualization software. Marathon also has an existing technology partnership with Redmond, WA-based Microsoft (NASDAQ:MSFT<\/a>).<\/p>\n

We’ll be watching for Marathon’s next big move.<\/p>\n

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IT, deals, VC Ryan McBride wrote: Marathon Technologies has socked away more cash, about five months after announcing the arrival of new CEO Jim Welch. The Littleton, MA-based maker of fault tolerance software has wrapped up a third closing of its Series B round of venture capital, bringing the total funding in the round to […]<\/p>\n","protected":false},"author":2829,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-356163","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/356163","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/2829"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=356163"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/356163\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=356163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=356163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=356163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}