Slide Raises $70 Million in Series B Funding

Slide, a company based in Norwalk, Connecticut, specializing in modern backup solutions for managed service providers (MSPs), has successfully raised $70 million in a Series B funding round. This round was led by General Catalyst, with participation from Base10, Outsiders Fund, futurepresent, Vine Ventures, Glynn Capital Management, Benchstrength, Top Down Ventures, and Connecticut Innovations.

Slide offers a cutting-edge, security-first Business Continuity and Disaster Recovery (BCDR) platform tailored specifically for MSPs. The company, co-founded by Michael Fass, who also serves as the CEO, has quickly gained traction in the market by addressing gaps left by older, legacy systems.

"This funding marks a major milestone in Slide’s journey," said CEO Michael Fass. "In our first year, MSPs have expressed a clear demand for a modern, secure, high-performance BCDR platform."

Strategic Expansion and Use of Funds

The newly acquired funds will be directed towards several key areas aimed at scaling Slide's operations and enhancing its service offerings:

  • Global Expansion: Slide plans to expand its global presence, beginning with the opening of a UK office and the launch of a dedicated data center in Germany. These moves are designed to support MSP partners across the EMEA region and address growing requirements around data sovereignty and regional infrastructure.

  • Product Development: The company intends to accelerate product development by deepening integrations with the tools commonly used by MSPs and introducing additional backup products specifically tailored to MSP workflows.

  • Infrastructure and Talent: Slide will also focus on scaling its infrastructure and hiring new talent to support its growing operations and to continue driving innovation.

Market Impact

Slide's approach to building a BCDR platform from scratch, without relying on outdated infrastructure, allows it to prioritize performance, security, and simplicity. This strategy has quickly resonated with MSPs, who have adopted the platform at a notable pace. The company's architecture features NVMe infrastructure, default encryption, and an open API ecosystem, all designed to enhance the user experience for MSPs.

With this latest funding, Slide is well-positioned to further establish itself in the MSP market, providing a modern alternative to legacy backup solutions. As the company continues to grow, it aims to maintain its focus on delivering a high-performance, secure platform that meets the evolving needs of managed service providers.