Data-Deposit-Box-DataDepositBox-Online-Backup-Cloud-Data-Remote-Backup
  • Druva’s total funding now nearly $200 million
  • Company experiences 300 percent annual growth in server data protection and serves over 4,000 enterprise customers worldwide, including brands like Continental, Emerson, Flex, Fujitsu and Lockheed Martin
  • Total data protected by Druva now exceeds 40 petabytes
  • Druva accelerates product strategy with the announcement of Druva Cloud Platform Tech Preview

SUNNYVALE, CA – Aug. 22, 2017 — /BackupReview.info/ — Druva, the global leader in cloud data protection and management, today announced $80 million of growth equity funding, bringing the total raised to approximately $200 million. The latest funding investment was led by Riverwood Capital, with strong participation from Sequoia Capital India, Nexus Venture Partners, Tenaya Capital, and most other existing venture investors. Druva will leverage this late-stage investment to dramatically accelerate research and development, expand go-to-market efforts worldwide, and lead the industry in redefining how enterprises protect, manage, and use their data.

Druva’s success is fueled partially by the rapid expansion of the data protection industry, with market size expected to be $28 billion in 2022 for both cloud-based and on-premises servers,[1] in addition to the rapid cloud data protection and management adoption by Global 5000 organizations. In May, the company announced its leadership in the cloud server data protection market, realizing more than 300 percent year-over-year growth in infrastructure data protection revenue. Additionally, Druva Cloud deployments now span more than 4,000 enterprise customers, including 10 percent of the world’s Fortune 500 companies.

“Cloud Data Protection and Management solutions are massively disrupting the secondary storage industry,” said Jeff Parks, co-founder and general partner at Riverwood Capital. “Druva delivers an as-a-service protection and management solution for all enterprise data encompassing infrastructure, endpoints, and cloud applications. We are impressed by Druva’s ability to help organizations redefine their data protection and management strategy in a cloud-first world leveraging the performance, scale, ease of use and TCO benefits of the public cloud and SaaS. The effectiveness of Druva’s technology has been lauded by a large list of customers. With high customer satisfaction, strong brand loyalty, proven technology innovation and seasoned leadership team, Druva is best positioned to drive the as-a-Service transformation of enterprise data protection and management.”

“We see today’s digital transformation as a data transformation, and protecting data in today’s cloud-connected environment requires a fresh approach,” said Jaspreet Singh, co-founder and chief executive officer at Druva. “Druva’s as-a-Service solution eliminates costly and complex infrastructure to quickly and seamlessly protect, govern, and gain intelligence from their data when and where it’s needed.”

Druva Drives High Value With Druva Cloud Platform
Earlier this month, Druva announced the Druva Cloud Platform Tech Preview, which delivers a single-pane-of-glass view for protection and management of endpoints, servers, and cloud applications. The platform converges the award-winning Druva Phoenix and Druva inSync cloud solutions, and offers a unified view into services and data. Simplified global search and centralized visibility and control reduces costs and complexity for managing enterprise data.

“With the proliferation of ransomware and the need for governance and compliance around initiatives like GDPR, Druva’s innovations are well positioned to serve this growing market. Druva Cloud Platform is the next generation of cloud data protection and management, completely delivered as a service,” said Milind Borate, co-founder and chief technology officer at Druva. “Druva’s unique, patented technology including time-indexed metadata, global scale-out deduplication, instant access, auto-tiering, and advanced search and analytics are critical capabilities that enable true scale and simplicity for customers that want peace of mind for their businesses-critical data.”

Venture Capital Support
“Druva’s tremendous growth can be attributed to the rise of advanced and persistent data threats such as ransomware, changing global data regulations, and the explosion of data in motion driven by enterprise digital transformation initiatives,” said Jishnu Bhattacharjee, managing director at Nexus Venture Partners. “We see Druva’s innovative cloud-first approach as the only way forward. We are thrilled to have continued backing team Druva over the years.”

“Druva has far surpassed what we could have imagined it to be when Sequoia made the early stage investment, driven by their product roadmap and superior technology. Druva’s evolution into a platform versus a single product company is, in our view, a huge inflexion point in the company’s journey that could catapult the company into a mainstream and large data protection infrastructure player,” said Shailendra J Singh, managing director at Sequoia Capital (India) Singapore Pte. Ltd.

“Data growth is doubling every year and is expected to exceed 40 zetabytes in the next 24 months,” said Tom Banahan, managing director at Tenaya. “This startling reality combined with the acceleration of SaaS application and cloud infrastructure adoption is the backdrop for the disruption in secondary storage. Organizations now need seamless solutions to solve their most complex data protection problems and we believe Druva’s vision aligns with this enormous opportunity.”

“Organizations are forging ahead in their digital transformation initiatives and at the center of these efforts are the company’s most precious assets, data. At the same time, the rise of new and emerging threats such as ransomware are compounding the challenge of protecting this distributed data,” said ?Rami Rahal, founder and managing partner at Blue Cloud Ventures?. “Druva delivers a unique approach to solving this urgent problem and their customer traction gives us confidence as this market heats up.”

To learn more about Druva Cloud Platform Tech Preview, please visit www.druva.com/products/cloudplatform

Druva’s end point, server, and cloud application solutions are available today and a free trial is available at druva.com

[1] – Allied Market Research, “Data Protection as a Service (DPaaS) Market,” January 2017

About Druva
Druva is the global leader in Cloud Data Protection and Management, delivering the industry’s first data management-as-a-servicesolution that aggregates data from endpoints, servers and cloud applications and leverages the public cloud to offer a single pane of glass to enable data protection, governance and intelligence—dramatically increasing the availability and visibility of business critical information, while reducing the risk, cost and complexity of managing and protecting it.

Druva’s award-winning solutions intelligently collect data, and unify backup, disaster recovery, archival and governance capabilities onto a single, optimized data set. As the industry’s fastest growing data protection provider, Druva is trusted by over 4,000 global organizations, and protects over 40 petabytes of data. Learn more at www.druva.com and join the conversation at twitter.com/druvainc

Media Contact:
Stacey Collins Burbach
+1.415.310.9767
Stacey.Burbach@druva.com
www.druva.com

Source: Druva


 

General Tags: data storage, CEO interviews, top rated online backups, compare online backups, online backup providers directory, online backup services, backing up online, online backup, data security, online file backup, online backup companies, online backup reviews, online data backup, online file storage, SaaS, software as a service, online backup news, cloud computing

Like us on Facebook




===========================
Do you like this post? Subscribe to our RSS feed ===========================

Sponsored Links:

Data Deposit Box

Asigra



Share/Save/Bookmark

Related posts:

  1. Nasuni Closes $38M in Growth Equity Funding to Accelerate Cloud-Scale Enterprise File Services
  2. Druva Secures $25 Million in Series C Funding for Endpoint Data Protection & Governance Platform
  3. Druva Closes $25 Million in Series D Funding for Post-PC Data Governance Technology
  4. Druva Accelerates the Transformation for Enterprises to Protect and Manage Information with $51 Million in Venture Funding
  5. Druva Announces Record Growth in Cloud Server Data Protection
  6. Druva to Discuss Cloud Data Protection and Information Management at the ISACA Silicon Valley Spring Conference
  7. Cloud On Demand Partners with Druva to Bring Edge Data Protection, Governance Solutions to Market
  8. Druva Appoints New Managed Service Provider Partners To Support EMEA Market Growth
  9. Datto Raises $25 Million in Growth Equity Round Led by General Catalyst Partners
  10. Rubrik Invents Time Machine for Cloud Infrastructure to Redefine $47 Billion Data Management Market

Tags: , , , ,