Slide, which develops data backup and disaster recovery tech for managed service providers, raised a $70M Series B led by GC, bringing its total funding to $95M
'We're using this additional funding to continue to put our foot on the accelerator so that we can grow the business …
Context & Ripple Effects
Backup and recovery vendors have repeatedly drawn sizable growth rounds across distinct customer segments: Datto targeted SMBs, while HYCU raised $87.5M for multi-cloud backup and recovery aimed at mid-market and enterprise users.
Slide's new capital brings that investment pattern directly to managed service providers. It follows Clumio's $75M cloud-backup round, underscoring continued investor interest in recovery platforms as a software category rather than a one-off feature.
First-order effects
- Slide gains $70M to accelerate growth, taking its disclosed funding total to $95M and giving its MSP-focused backup and disaster-recovery offering more resources for expansion.
- GC becomes the lead investor in Slide's Series B, aligning it with the company's effort to scale the business.
Second-order effects
- Rival backup and recovery providers serving MSPs face a better-funded competitor, increasing pressure to differentiate on product scope, channel reach, or recovery capabilities.
- Managed service providers gain another vendor with greater capacity to pursue their market, potentially broadening the set of backup and disaster-recovery options available through the channel.
Third-order effects
- If funding continues to concentrate in recovery platforms, the category could become more segmented by go-to-market model—MSP, SMB, public-cloud, and multi-cloud—rather than converging on a single buyer profile.
- The pattern suggests resilience tooling is being treated as a strategic software layer; sustained investment could favor vendors able to pair recovery technology with durable distribution channels.
The trend: Backup and disaster-recovery software is attracting growth capital around specialized routes to market, particularly cloud and managed-service delivery.