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Alfresco Raises A Fresh $45M To Fuel Open-Source Enterprise Content Management

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OSS

Alfresco, an open source, enterprise content management startup, is today announcing a new round of funding of $45 million — a Series D round that is more than twice as big as all of its previous rounds put together.

The UK-based company competes against legacy services like Documentum (which was co-founded by one of Alfresco’s co-founders, John Newton) and Sharepoint to help large organisations manage their disparate document storage both in the cloud and on-premises, and also offer versioning control and other compliance requirements across mobile, PC and other devices. Alfresco will use the new funding to step its business up a gear, with new sales and marketing efforts, and moves into more cloud-based services that could see it competing more directly also against the likes of Dropbox, Box and Huddle.

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