X:drive Secures $20 million in Funding
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X:drive said it will use the funds to expand its national advertising campaign and continue to secure partnerships with Web sites and companies that benefit from its Web-based hard-drive service.
"eCompanies' goal is to invest in Internet businesses of consequence," said Tim Spicer, managing partner of eCompanies Venture Group.
"X:drive's unique technology puts it at the forefront of a huge new market in Web-based applications and services. The company's aggressive marketing strategies and vision of the future make it an ideal investment for eCompanies."
X:drive currently provides free space on the Internet to organize, store, publish and share any type of file, including documents, spreadsheets, presentations, images, music and video.
X:drive can be accessed through any Internet browser or through its unique desktop technology that enables members to see and work with their online X:drive files and folders just like their C: drive files.
X:drive's free service provides 25 free megabytes of secure space on the Internet to organize, edit, store and share any type of file.