Thursday, July 21, 2011

Cloud Storage Company CX Raises $5M From Eric Schmidt And Others, Acquires FileDen

CX, a�cloud�storage�and�SaaS�data�file�management�system, has raised $5 million in new funding from Eric Schmidt's Tomorrow Ventures and Hanna Capital. This brings the company's total funding to $10 million. CX, which has flown under the radar despite the company's launch earlier this year, is also announcing that it has acquired fellow cloud-based file storage company FileDen. Financial terms of the acquisition were not disclosed we are told the deal was a mixture of stock and cash.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/VqCIiTICwsE/

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