“The Data Domain recovery appliance offers a unique value proposition to our customers. It’s a cost-effective, scalable disk-based backup solution that ensures accurate restoration of data.” — Vic Amano
VP & Network Division General Manager
Tokyo Electron Ltd.

Press Release

Data Domain Announces Series B Funding of $17 Million Led by Sutter Hill Ventures

Enterprise Data Protection Market Poised for Growth and Innovation

PALO ALTO, Calif. — December 16, 2003 — Data Domain, Inc., a leader in enterprise data protection solutions, today announced that it has secured $17 million in Series B funding. The new round of funding led by Palo Alto-based Sutter Hill Ventures and joined by original investors Greylock and New Enterprise Associates, brings Data Domain’s total funding to $26 million. Data Domain will employ the funds to accelerate its technology roadmap and expand global distribution for its products.

“Data Domain is rapidly emerging as the leader in next-generation data protection solutions,” said Ron Bernal, venture partner with Sutter Hill Ventures. “Sutter Hill has been party to many successful ventures in the enterprise storage space, and we are excited to be involved with such a clear market leader. This financing is a strong validation of the company’s experienced management team, the technology and outstanding potential.”

“We are very pleased to receive this impressive vote of confidence from the premier venture firms in the industry, said Frank Slootman, CEO of Data Domain. With this new round of funding, all the prerequisites for the company’s rapid evolution are in place.”

Data Domain’s flagship product, the DD200 Restorer, started shipping to customers in September 2003. The DD200 delivers the most complete and integrated data protection solution for high performance and fast recovery of enterprise data.

About Sutter Hill Ventures

Sutter Hill Ventures is a venture capital firm that finances technology-based start-up and early-stage companies pioneering products or services in growth markets, especially those in information technology and health care. Founded in 1964, it is one of Silicon Valley’s original venture capital firms. Companies backed by Sutter Hill include: Netapp, Legato, Quantum, Storage Tek, Tellabs, Alteon, Linear Technology, nVidia, BroadVision, Vitria, Molecular Devices, Cor Therapeutics, Amylin Pharmaceuticals, Omnicell, and eLoyalty.

Kai Li — Founder and Chief Scientist — Kai Li, professor at the Computer Science Department of Princeton University, has led research projects involving operating systems, computer architecture, distributed systems and scalable display systems. His work with Shared Virtual Memory contributed significantly to future storage applications such as the Direct Access File System (DAFS) standard. He has been a consultant of AT&T, Bell Labs, Digital Equipment Corporation, NEC Research Institute, and a board member of the Intel Microcomputer Research Lab Advisory council since 2000.

Hugo Patterson — Chief Architect — Hugo Patterson brings many years of experience in the storage industry with substantial experience in disaster recovery, enterprise data backup and data distribution. Prior to joining Data Domain, Mr. Patterson was the lead architect for Data Availability and Management where he defined and developed SnapVault™, NetApp’s first disk-based backup product, and drove the development of the NearStore product line. Earlier, Hugo was Quantum’s Chief Architect for the Programmable Storage Platform for network-attached disks.

Brian Biles — Founder and Vice President, Marketing — Brian Biles has spent more than 20 years in systems and software marketing. Most recently, he was the VP of Marketing and Business Development for VA Linux Systems, during which time their revenues went from $2.5 million per quarter to a peak of $56 million per quarter. While there, he provided leadership on VA’s NAS product, the first fully open-source NAS System. Prior to VA, he spent ten years at Sun Microsystems managing the direction of storage administration products, RAID, backup, and systems and network management products. He started his career in sales at Data General (subsequently acquired by EMC).

About Data Domain

Data Domain offers reliable, cost-effective data restoration solutions that enable enterprise customers to more easily manage enterprise data. Designed by renowned storage experts, the Data Domain solutions seamlessly integrate with industry-leading backup software applications and were designed from the ground up to optimize data protection. For more information on Data Domain products, visit www.datadomain.com.

Data Domain, the Data Domain logo, DD200, DD RPM and Global Compression are trademarks of Data Domain, Inc. All other brands, products, service names, trademarks, or registered service marks are used to identify the products or services of their respective owners.

Contact Information

Data Domain

Edward Luboja
914-698-1346
press@datadomain.com