Data Resiliency Pioneer Druva Surpasses $200M SaaS ARR

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New milestone builds on a striking year-over-year 30% growth in customer base and 200% growth of security solutions

SANTA CLARA, Calif. – August 30, 2023 — / BackupReview.info / — Druva, the industry’s first and only at-scale SaaS platform for data resiliency, today announced that it has surpassed $200 million in annual recurring revenue. With a customer base surpassing 5,000 and a remarkable 300% year-over-year growth in MSP customers, Druva stands out as the sole at-scale SaaS platform driving more than six billion backups annually.

Druva offers a fresh perspective on data protection and cyber resiliency with a fully managed SaaS platform that protects customers’ data wherever it lives. Fueled by a cloud-native architecture that creates an infinitely scalable SaaS platform, Druva has disrupted the data protection industry by simplifying and automating traditionally complex and cumbersome legacy solutions, eliminating the need for hardware, software, and maintenance.

“Druva’s disruptive and innovative approach to data resiliency is driven by our ambition to both solve and simplify a critical problem for customers,” said Jaspreet Singh, Founder and CEO of Druva. “We’re continuing to build an enduring, growing company that places itself on the cutting edge of data protection and cyber resiliency, with our customers and partners at its core.”

As a major player in cyber resiliency, Druva is an integral part of thousands of companies’ ransomware recovery strategy. Druva’s resilient operational platform delivers a powerful combination of autonomous protection, rapid response, and guaranteed recovery to better protect data and expedite recovery.

Druva also distinguishes itself by delivering unprecedented customer peace of mind through its groundbreaking and comprehensive $10 million Data Resiliency Guarantee, offering unprecedented protection against five critical risks: cyber threats, human errors, application vulnerabilities, operational challenges, and environmental risks.

“Druva provides us with a valuable cyber-resiliency offering that any business would be smart to adopt because of the ability to continually protect evolving cloud workloads and rapidly changing cloud landscapes,” said Matt Lamb, CIO at Rosendin Electric. “Their dedication to customer satisfaction is remarkable, and one of the key identifiers of a company that is here to stay. We congratulate them on their success and have no doubt they will continue to impress customers with both their business acumen and their data resiliency capabilities.”

According to a Forrester Total Economic Impact Report, the typical Druva customer achieves an impressive 253% ROI within three years of implementation. Druva’s rapid time to value, increased efficiency, and significant cost savings to its customers is best exemplified by its record-breaking NPS score of 89. Revealing groundbreaking innovation through the strategic application of AI, Druva is reshaping customer interactions with its products, offering unparalleled efficiency in the marketplace.

“Druva’s AI-driven capabilities deliver the agility, scalability, and intelligence that empower our customers to adapt to evolving business needs and threats,” said Stephen Manley, CTO of Druva. “We will further incorporate AI into Druva’s platform to take the next step towards autonomous backups, which will deliver the simplicity, efficiency and proactive security that will revolutionize data protection.”

Today’s news follows a monumental year of achievements for Druva – a leader in the Forrester New Wave™: SaaS Application Data Protection, 3x Visionary in the Gartner Magic Quadrant for Enterprise Backup and Solutions, named a 2023 Gartner® Peer Insights™ Customers’ Choice for Enterprise Backup and Recovery Software Solutions, and most recently featured in the Forbes 2023 Cloud 100 List, which recognizes the world’s top private cloud companies.

About Druva
Druva enables cyber, data and operational resilience for every organization with the Data Resiliency Cloud, the industry’s first and only at-scale SaaS solution. Customers can radically simplify data protection, streamline data governance, and gain data visibility and insights as they accelerate cloud adoption. Druva pioneered a SaaS-based approach to eliminate complex infrastructure and related management costs, and deliver data resilience via a single platform spanning multiple geographies and clouds. Druva is trusted by thousands of enterprises, including 60 of the Fortune 500 to make data more resilient and accelerate their journey to cloud. Visit druva.com and follow us on LinkedIn, Twitter and Facebook.

Media Contact:
Justin Aught
VP, Product Marketing & Communications
Druva Inc.
+1.508.846.7518
justin.augat@druva.com

Sagar Desai
Druva Inc.
+91 8600105315
sagar.desai@druva.com

Source: Druva

Tags: Druva