{"id":1246,"date":"2015-11-17T12:37:34","date_gmt":"2015-11-17T17:37:34","guid":{"rendered":"https:\/\/solutionsreview.com\/backup-disaster-recovery\/?p=1246"},"modified":"2016-01-21T12:54:07","modified_gmt":"2016-01-21T17:54:07","slug":"datto-raises-75m-for-global-expansion-product-innovation","status":"publish","type":"post","link":"https:\/\/solutionsreview.com\/backup-disaster-recovery\/datto-raises-75m-for-global-expansion-product-innovation\/","title":{"rendered":"Datto Raises $75M for Global Expansion; Product Innovation"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-1247 aligncenter\" src=\"https:\/\/solutionsreview.com\/backup-disaster-recovery\/files\/2015\/11\/oie_171831463h2X2FDI.jpg\" alt=\"Global Domination\" width=\"600\" height=\"270\" srcset=\"https:\/\/solutionsreview.com\/backup-disaster-recovery\/files\/2015\/11\/oie_171831463h2X2FDI.jpg 600w, https:\/\/solutionsreview.com\/backup-disaster-recovery\/files\/2015\/11\/oie_171831463h2X2FDI-300x135.jpg 300w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/p>\n<p style=\"text-align: justify\">Datto, one of the <a href=\"https:\/\/solutionsreview.com\/backup-disaster-recovery\/get-a-free-backup-and-disaster-recovery-buyers-guide\/\" target=\"_blank\">top vendors<\/a> in backup, recovery and Business Continuity <a href=\"https:\/\/www.datto.com\/news\/datto-closes-75-million-series-b-round-led-by-technology-crossover-ventures\" target=\"_blank\">announced today<\/a> that it has raised $75 million in a <a href=\"https:\/\/www.crunchbase.com\/organization\/datto#\/entity\" target=\"_blank\">Series B funding round<\/a> led by <a href=\"https:\/\/www.tcv.com\/\" target=\"_blank\">Technology Crossover Ventures<\/a>. Datto will be using the proceeds of the investment to further invest in its global expansion and accelerate product innovation to support the thousands of partners it currently has around the world. With this funding round, Datto brings its total investments to more than $100 million.<\/p>\n<p style=\"text-align: justify\">Datto&#8217;s founder and CEO Austin McChord says: &#8220;Today is a great day for our managed service provider partners and customers&#8221;, adding &#8220;Since we are cash flow positive, Datto isn\u2019t raising capital to fund operations, but instead, to enter new markets and build new products and technology. With this new investment, Datto is excited to be pushing ahead to build new technology and improve the experience for our MSPs and end users around the world.&#8221;<\/p>\n<p style=\"text-align: justify\">The financing comes as Datto is achieving record year-over-year revenue growth. Datto currently manages more than 1670 petabytes of data and more than a million backups per week for its customers. The company&#8217;s Total Data Protection Platform protects customer\u00a0data no matter where it lives, whether it be on-premise, in virtual or physical servers, or in cloud-based SaaS applications. Datto provides an end-to-end approach to backing up and securing data and is known in the industry for its rapid recovery capabilities.<\/p>\n<p style=\"text-align: justify\">Last year, Datto <a href=\"https:\/\/siliconangle.com\/blog\/2015\/11\/17\/datto-scores-75-million-to-boost-global-expansion\/\" target=\"_blank\">purchased Backupify<\/a>, Inc. to help boost its cloud presence, however, its core strength is in on-premise data protection. McChord notes that Datto will bring in more than $100 million in revenue this year, which would be a 400 percent increase from 2012. Datto currently has 500 employees, and its previous $25 million in Series A funding came from <a href=\"https:\/\/www.generalcatalyst.com\/\" target=\"_blank\">General Catalyst Partners<\/a> in 2013.<\/p>\n<p style=\"text-align: justify\"><a href=\"https:\/\/www.datto.com\/news\/datto-closes-75-million-series-b-round-led-by-technology-crossover-ventures\" target=\"_blank\">Click here for Datto&#8217;s full press release.<\/a><\/p>\n<p style=\"text-align: justify\"><a href=\"https:\/\/solutionsreview.com\/backup-disaster-recovery\/get-a-free-backup-and-disaster-recovery-buyers-guide\/\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-1047 alignleft\" src=\"https:\/\/solutionsreview.com\/backup-disaster-recovery\/files\/2015\/06\/BUDR_Buyers_Guide_320.jpg\" alt=\"BDR Guide\" width=\"28\" height=\"36\" srcset=\"https:\/\/solutionsreview.com\/backup-disaster-recovery\/files\/2015\/06\/BUDR_Buyers_Guide_320.jpg 244w, https:\/\/solutionsreview.com\/backup-disaster-recovery\/files\/2015\/06\/BUDR_Buyers_Guide_320-229x300.jpg 229w\" sizes=\"(max-width: 28px) 100vw, 28px\" \/><\/a><a href=\"https:\/\/solutionsreview.com\/backup-disaster-recovery\/get-a-free-backup-and-disaster-recovery-buyers-guide\/\" target=\"_blank\">Download our 2016 Backup and Disaster Recovery Buyers Guide. The free resource includes a capabilities resource, complete vendor profiles, a comprehensive market overview, and much more.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Datto, one of the top vendors in backup, recovery and Business Continuity announced today that it has raised $75 million in a Series B funding round led by Technology Crossover Ventures. Datto will be using the proceeds of the investment to further invest in its global expansion and accelerate product innovation to support the thousands [&hellip;]<\/p>\n","protected":false},"author":23,"featured_media":1247,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[3],"tags":[73,118,30,74,195,194],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Datto Raises $75M for Global Expansion; Product Innovation<\/title>\n<meta name=\"description\" content=\"Datto announced today that it has raised $75 million in a Series B funding round led by Technology Crossover Ventures.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/solutionsreview.com\/backup-disaster-recovery\/datto-raises-75m-for-global-expansion-product-innovation\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tim King\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/solutionsreview.com\/backup-disaster-recovery\/datto-raises-75m-for-global-expansion-product-innovation\/\",\"url\":\"https:\/\/solutionsreview.com\/backup-disaster-recovery\/datto-raises-75m-for-global-expansion-product-innovation\/\",\"name\":\"Datto Raises $75M for Global Expansion; 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