Internet Startup Receives $9 Million Investment

@Backup announced today it closed a
$9 million second round of equity financing, which includes investments
from American Express.

Other companies investing in the online data backup service include
Windward Ventures and Cendant Corporation. Original investors–Enterprise
Partners, Alta Partners and Security Pacific–also contributed more funds
during this second round of financing.

“We recognize the interactive channel as an ideal medium to deliver
valuable products and services to our customers,” said Larry Kutscher, vice
president of Interactive Enterprise Development at American Express.

“We are delighted with the results from our operational and marketing tests
of the @Backup service [which took place over the past year]. By investing
in @Backup, we are now well positioned to leverage an important service
that can help our small business customers protect their critical data.”

@Backup targets its services to small companies and remote workers,
providing fully automated data backup of a user’s hard drive every night.
Support for 56-bit encryption enables the secure transmission of private

The company is offering a 30-day trial of the service. PC users running
Windows 95 and equipped with 8 MB of RAM can download a trial version
of the product now.

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