Total capital raised by Druva reaches $118 million.
Cloud data protection and information management company Druva has raised $51 million in funding that will further drive the company’s global objective to transform the way enterprises protect and manage information.
Singapore-based EDBI, as well as Blue Cloud Ventures and Hercules Capital participated in the funding along with existing investors Sequoia, NTT Finance, Nexus Venture Partners and Tenaya Capital.
With the new funding, the total capital raised by Druva has reached $118 million which is expected to support its aggressive growth strategy.
The capital will be used to accelerate both product innovation and adoption, all while enhancing product capabilities across Druva’s secure cloud platform.
“Our customers are entering a new era of public cloud adoption and Druva is at the forefront. The fragmentation of data, combined with increasing regulatory needs, is making enterprises everywhere rethink how information is best managed. In today’s age, simple is genius, and Druva’s 82 NPS speaks to how our cloud-first approach is simple yet disruptive,” said Jaspreet Singh, Druva founder and CEO.
“We are at an inflection point and Druva’s ability to evolve and innovate is proving to be nothing short of a game changer. This new capital enables us to continue to serve customers through notable innovations, partnerships, and additional global expansion,” he added.
Druva’s cloud-first architecture offers a unified approach to data protection. Unlike the traditional approach of managing data silos like backup, DR, and eDiscovery, etc., with Druva, information is backed up once, and the platform enables advanced management and discovery analytics capabilities.
This dramatically increases the availability and visibility of business critical information, while reducing the risk, cost, and complexity of managing and protecting it. The platform is built natively on public cloud platforms like AWS and Azure and delivers unmatched scale and cost advantages, all while reducing the data risks inherent in today’s fragmented data environment.
Druva is experiencing strong growth and demand for its cloud-based data protection and information management solution. The company increased its global presence, growing to over 400 employees and expanding direct presence, launching subsidiaries in both Japan and Germany, while simultaneously growing its enterprise customer base by more than 1000.
The company has many important clients including NASA, Chipotle, LiveNation, Hulu, Marriott, Leidos, NBC Universal, ServiceNow, and Stanford University.
Founded by two Indians, Jaspreet Singh and Milind Borate, Druva collect data and unify backup, disaster recovery, archival and governance capabilities onto a single, optimized data set.
Prior to founding Druva, Jaspreet was a member of the storage foundation group at Veritas. He also held a number of engineering specific roles at Ensim Corporation.
Milind has more than 20 years’ experience in enterprise product development and delivery. Prior to co-founding Druva, he worked at Veritas Software as Technical Director for SAN-FS and served on the board of the Veritas patent committee. Milind holds several patents in storage technology and co-authored the book “Undocumented Windows NT” in 1998.