Tel Aviv software company BackBox announced on Tuesday the closing of a $32 million Series A funding round. The company also announced the opening of its new headquarters in Dallas and a new CEO.
BackBox is a security and network automation software that is useful for large computer networks to backup data or keep track of assets and inventory. Since launching in 2009, BackBox has had a bevy of partners, including Cisco, Dell and Netgear.
With the new funding, the company is seeking to rapidly expand its new headquarters. A spokesperson for the company said BackBox is currently signing a lease for permanent office space and has already started hiring in Dallas.
Andrew Kahl, who previously served as an advisor for BackBox, was promoted to CEO and will lead the company build-out in Dallas. Kahl told Built In he is looking to double the company’s headcount by the end of 2022.
“Dallas was the ideal choice as I am based here,” Kahl told Built In via email. “The city is centrally located, allowing easy collaboration across multiple time zones. In addition, our Dallas-based team will be able to travel essentially anywhere in the world with a single flight. There is a solid base of technology talent in the Dallas area with multiple recognized brands choosing Dallas for their headquarters.”
With the new location, BackBox will keep its research and development team in Tel Aviv, while the Dallas location will be its hub for customer support, marketing and engineering. Product development and new product engineering will take place in both Dallas and Tel Aviv, according to Kahl.
The latest funding round was led by Elsewhere Partners, an Austin-based VC firm that backs early-stage software companies.