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Arsenal Digital Receives $23M in Series C Round

Arsenal Digital Solutions, a Durham-based storage service provider (SSP), recently announced that it has raised $23 million in its latest round of financing. With this new round of Series C financing, Arsenal has raised a total of $42 million in equity since its inception. The round was led by Southeast Interactive Technology Funds, and included Covestco, Task USA, and MCNC. Arsenal will use the funding to support both existing and new partners, capital expenditures required to grow the business and to increase its workforce by 15 percent. www.arsenaldigital.com

What Members are Saying

"CED is very useful in helping network and gather people. For early entrepreneurs, CED is one of the best resources for getting things done." -Dr. John Ryals, CEO, Metabolon (also founder and former CEO of Paradigm Genetics)