Home technology cloud cloud Data Protection specialist Druva has raised $130 million

Cloud Data Protection specialist Druva has raised $130 million

Cloud

CIO Bulletin
2019-06-21

Druva, a Sunnyvale, California based cloud data protection and management company has announced that it has raised $130 million in investment. The round was led by Viking Global Investors and included the participation of new investors such as Neuberger Berman and Atreides Management. Existing investors Riverwood Capital, Tenaya Capital, and Nexus Venture Partners also participated.

The investment round brings the total capital raised by the company to $328 million. The funding will help the company push for global expansion and foster growth and innovation.

“The line between data and business is blurring. The data management market is forecasted to be worth $55 billion next year, yet the landscape is dominated by solutions that are 20 years old. Druva is disrupting the way enterprises project and leverage their data with a modern, cloud-native SaaS platform” said Jaspreet Singh, Founder and CEO of Druva. “Today’s funding will help Druva to power data protection for the cloud era, and accelerate our momentum to better serve the needs of enterprise customers.”

Druva’s SaaS solutions have been trusted by over 4,000 enterprise customers to date including a lot of Fortune 500 companies such as Hitachi, Marriott, Pfizer, and Flex.