St.Paul’s Digitiliti Pulls in $420k, Aims for $2m Equity Round


DigitilitiA SEC disclosure from Friday shows that St.Paul-based Digitiliti, Inc. is raising $2m in equity financing; the sale started in September and suggests that $420k in stock has been sold to date.

According to the company’s website, Digitiliti offers two specific products: a virtual information management system/library named DigiLIBE and enterprise data protection/backup solution DigiBAK.

Digitiliti is an “over the counter” (OTC) publicly traded company (PINK:DIGI) with a market cap (hypothetical maximum value) of approximately $10m.  It’s estimated that the company has around 20 employees and Ehssan Taghizadeh was named CEO last month.