ArCycle Software Secures Venture Funding from Altair and Almaz Capital and Moves Into Production

Larnaca, Cyprus, December 05, 2014 --(PR.com)-- ArCycle, a virtualized storage backup and replication solutions company, today announced USD 600K of investment round from Altair Capital with participation from Almaz Capital.

“We have been developing a product that provides superior disaster recovery functionality and we now have a comprehensive solution that is particularly attractive to the SMBs implementing virtualization projects,” Max Melkov, ArCycle CEO, said. “With this round of venture funding we plan to change the competitive landscape of the virtualization DR market and give customers added value.”

According to Igor Ryabenkiy, Managing Partner of Altair, “We believe in ArCycle because Mr. Melkov and the team he brought together have a great deal of experience in the development of specialized backup and data protection software for physical and virtual environments. We hope to see the business grow very quickly.”

About ArCycle:
ArCycle Software is a privately held data protection start-up that provides SMBs and enterprises with backup, replication, and disaster recovery solutions that are adapted specifically to virtualization environments. ArCycle Software products include a mix of proprietary virtualization-native technologies and proven data protection features.

For more information on ArCycle Software, Ltd, please visit our website.

About Altair:
Altair Capital is a venture capital company investing in early/seed stage Internet/mobile tech startups. Altair has extensive investment experience in USA, Israel, Europe, and Russia. Altair takes a leading investor role, mentors startups, and provides operational support when necessary.

About Almaz Capital:
Founded in 2008, Almaz Capital invests in early stage, capital efficient technology companies. The team connects entrepreneurs and engineering talent in untapped emerging tech regions working in high-growth sectors such as enterprise and cloud computing, mobile, internet infrastructure and services, data storage and management, and ecommerce. The fund's investors include Cisco, the European Bank for Reconstruction and Development (EBRD), and International Finance Corporation (IFC), a member of the World Bank Group. The following companies are among Almaz Capital's realized exits: nScaled acquired by Acronis in 2014; Vyatta, acquired by Brocade in 2012; Qik, acquired by Skype in 2011; and Yandex, IPO 2011. Recent investments include: Starwind Software; Cinarra funded along with Cisco; If You Can funded along with Greylock Partners; Nival; GridGain; and Sensity, funded along with Radar Partners and Mohr Davidow Ventures.

ArCycle Software and the logos are trademarks and/or registered trademarks of ArCycle Software Ltd. in the U.S. and other countries. Other names are trademarks and/or registered trademarks of their respective owners.