{"id":4265,"date":"2021-03-30T15:22:54","date_gmt":"2021-03-30T19:22:54","guid":{"rendered":"https:\/\/solutionsreview.com\/backup-disaster-recovery\/?p=4265"},"modified":"2021-03-30T15:23:57","modified_gmt":"2021-03-30T19:23:57","slug":"hycu-raises-87-5-million-in-series-a-funding-round","status":"publish","type":"post","link":"https:\/\/solutionsreview.com\/backup-disaster-recovery\/hycu-raises-87-5-million-in-series-a-funding-round\/","title":{"rendered":"HYCU Raises $87.5 Million in Series A Funding Round"},"content":{"rendered":"

\"HYCUHYCU, Inc. <\/span>has announced<\/span><\/a> it has closed an $87.5 million Series A financing round. Led by Bain Capital Ventures, this new funding reinforces HYCU\u2019s market position and continued momentum, and will also allow the company to hire more than 100 new employees in the Boston area to achieve rapid scale. HYCU is now set to consolidate on wide market penetration, as the first as a Service, cloud-native backup and recovery solution provider for both on-prem and public cloud IT environments. Additionally, Acrew Capital also participated in the round<\/span><\/p>\n

<\/span>Our<\/span> Buyer\u2019s Guide for Backup and Disaster Recovery<\/i><\/b><\/a> helps you evaluate the best solution for your use case and features profiles of the leading providers, as well as a category overview of the marketplace.<\/span><\/div><\/span><\/p>\n

HYCU<\/span><\/a> specializes in multi-cloud data backup, management, migration, protection, and recovery for on-premises and hyper-converged (HCI), Google Cloud, Azure Cloud, and multi-cloud infrastructures. Headquartered in Boston, Mass., HYCU harnesses 25 years of sophisticated IT experience, insights from over one million users, and works with more than 25,000 customers worldwide. The result is alignment with industry leaders and a competitive advantage in the multi-cloud space. HYCU\u2019s flagship products, a purpose-built Data Protection solution for Nutanix, a managed Data Protection as a Service for Google Cloud Platform and Azure Cloud, and HYCU Prot\u00e9g\u00e9, a Multi-Cloud Data Protection Solution offer one-click cross-cloud migration, disaster recovery, and consolidated management.\u00a0<\/span><\/p>\n

In a press statement, Simon Taylor, CEO of HYCU, said, \u201cToday marks a significant milestone in the history of HYCU. From day one, our mission has been to grow responsible and to deliver innovation and solutions that align with our partners\u2019 and customers\u2019 business objectives. We were the first in the market to understand that companies will always have hybrid infrastructures and need reliable backup and recovery, regardless of where they keep their data. At the time, the concept of breaking data protection silos and running truly as a Service across the enterprise seemed a concept versus a reality. We\u2019ve proven it\u2019s not only possible, it\u2019s happening now, and will be the way of the future. To become a member of the Bain Capital family is a testament to the team staying true to our vision for building frictionless, purpose-built solutions that simplify our customers\u2019 evolving data protection needs.\u201d<\/span><\/p>\n

Stefan Cohen, Principal at Bain Capital Ventures will join HYCU\u2019s Board of Directors. Prior to joining Bain, Cohen built Boston-based Turbonomic\u2019s strategy and operations team. His area of focus is on building cross-functional, go-to-market strategies, process design, and operational improvements.<\/span><\/p>\n

Enrique Salem, Partner at Bain Capital Ventures will also join HYCU\u2019s Board of Directors. Salem stated, \u201cwe are in the early days of a multi-decade shift to the public cloud, but existing on-premises backup vendors are poorly equipped to enable this transition, creating tremendous opportunity for a new category of cloud-native backup providers. As one of the early players in multi-cloud Backup as a Service bringing true SaaS to both on-premises and cloud-native environments, HYCU is a clear leader in a space that will continue to create large multi-billion dollar companies.\u201d<\/span><\/p>\n

To learn more about HYCU, <\/span>click here.<\/span><\/a><\/p>\n

<\/div><\/p>\n

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\"Download<\/a><\/p>\n<\/div>\n\t\t<\/div><\/div><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

HYCU, Inc. has announced it has closed an $87.5 million Series A financing round. Led by Bain Capital Ventures, this new funding reinforces HYCU\u2019s market position and continued momentum, and will also allow the company to hire more than 100 new employees in the Boston area to achieve rapid scale. HYCU is now set to […]<\/p>\n","protected":false},"author":43,"featured_media":4226,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[3],"tags":[421,823],"acf":[],"yoast_head":"\nHYCU Raises $87.5 Million in Series A Funding Round<\/title>\n<meta name=\"description\" content=\"HYCU announced it has closed an $87.5 million Series A financing round. 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