Howard County data security and storage firm raises $15 million

RackTop Systems, a data security and storage firm based in Fulton, announced Tuesday that it has raised $15 million in its first venture capital funding round. The funding round was led by Razor’s Edge Ventures of Reston, Va., and Grotech Ventures of Cockeysville and included investments from the Maryland Venture Fund, Blu Venture Investors and Gula Tech Adventures. RackTop said the Series A funding round will enable to accelerate product development and expand sales efforts. (Balt. Sun)

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