Mozy

Mozy is a cloud-based data backup and recovery service that enables individuals and businesses to securely store and manage their data online, ensuring accessibility and protection against data loss. Mozy, founded in 2005, is based in Seattle, US. The company specializes in data backup solutions, focusing on providing secure cloud storage and management services. In October 2007, Mozy was acquired by EMC, marking a significant pivot in its business strategy.

The company has completed two funding deals, with the most recent being a Series A round in which they raised USD 1. 90 mn from EPIC Ventures, bringing the total amount raised to USD 1. 90 mn. Mozy offers cloud-based backup and recovery services designed to facilitate the secure storage and management of data for various clients.

Its primary user base includes small to medium-sized enterprises (SMEs), e-commerce businesses, and individual entrepreneurs. The company operates in North America, Europe, and parts of Asia, providing a comprehensive suite of tools that streamline data backup and ensure security, effectively addressing challenges related to data management. Mozy generates revenue primarily through subscription plans for its data backup services, which are available on annual or multi-year terms. These plans offer ongoing access to backup and recovery options, alongside additional features such as file encryption and data security management.

The company further expands its revenue through partnerships with IT service providers and digital agencies, optimizing its offerings for both B2B and direct-to-consumer markets. While specific upcoming product details are not mentioned, Mozy’s recent funding is expected to enhance its service offerings and support its operational expansions. The focus on broadening market reach into new geographical areas is evident, particularly targeting opportunities in emerging markets in Asia by 2008. Following its acquisition by EMC, Mozy’s strategies may also evolve to align with EMC's resources, positioning it for future growth.