Data Protection Solution Providers, Druva, Receive $51 Million in Venture Funding

druva-data-protection-solution-proviers-recieve-51-million-in-venture-funding

Druva, a cloud data protection and information management provider, recently announced $51 million in funding that the company says will further drive their global objective: to transform the way enterprises protect and manage their information.

The new funding brings Druva’s total capital raised to $118 million, and will continue to support the organization’s growth strategy. Led by existing investor Sequoia India, this round of funding is joined by new investors: Singapore based EDBI, as well as Blue Cloud Ventures and Hercules Capital. Existing investors including NTT Finance, Nexus Venture Partners and Tenaya Capital also took part in the contribution. The capital will be used to accelerate both product innovation and adoption, all while enhancing product capabilities across Druva’s secure cloud platform. In addition, the capital will be used to further drive sales and marketing, and continue the company’s global expansion.

 

Jaspreet Singh, Druva founder and CEO explains the significance of the funding on the company’s ability to evolve to stay ahead of a changing data protection landscape.

“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. 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.”

Learn more at https://www.druva.com