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OwnBackup Receives $15.5 Million in Funding Led by Vertex Ventures

OwnBackup Receives 15 5 Million in Funding Led by Vertex Ventures

OwnBackup Receives 15 5 Million in Funding Led by Vertex VenturesOwnBackup recently announced that it raised $15.5 million in a C-round investment led by Vertex Ventures. The backup and recovery company plans to use this funding on marketing, increasing its workforce across scales, and research and development, with the intention of scaling their business. Ownbackup’s previous July 2017 round was worth $7.5 million, making its total funding $26.5 million since it was founded in 2011.

In a press statement, OwnBackup CEO, Sam Gutmann says, “with the support of our investors, we will continue to provide the ultimate in independent data protection peace of mind – ensuring that companies have the same data protection in their cloud environments as their on-premise applications. We look forward to building on our successes to date as we use the latest funding to break new ground in the data protection space and fill the security void that many companies were not even aware existed.”

General partner at Vertex Ventures Israel, Aviad Ariel, added, “OwnBackup has emerged as a cloud-era leader in data protection by putting its visionary technology into practice. Its impressive growth in the last year demonstrates that the company is better primed to dominate the evolving SaaS/PaaS data protection industry as more companies realize the need to better secure critical application data in the cloud and comply with regulatory requirements such as GDPR and HIPAA.”

OwnBackup’s product offers features such as automated backups, unlimited storage, large data set replication, and flexible recovery options.

Read OwnBackup’s press release or click through for more.

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