ExaGrid Raises $12 Million

ExaGrid Systems Inc., a Westborough, Mass.-based provider of disk-based backup solutions with byte-level data de-duplication, has raised $12 million in Series D funding. Listed shareholders include return backers Highland Capital Partners, Lehman Brothers Venture Partners and Sigma Partners. The company has now raised over $87 million in total VC funding since 2002. www.exagrid.com