Druva, a cloud-based Data Protection Startup, has raised $80 million in its funding round to double down on providing top-notch data management and protection for companies. The cloud computing firm also made some big announcements this week.
According to TechCrunch, the Sunnyvale-based startup has just raised funding led by the US-based Riverwood Capital, with some participation from previous investors Sequoia Capital India, Tenaya Capital, Nexus Venture Partners, and other existing investors. This latest funding round brings the total capital raised by the cloud startup close to $200 million.
A close look at the cloud data and protection startup
Founded in 2008 and based in Sunnyvale, California, Druva provides a cloud-based platform for information governance, data protection, and data management. Druva is one of the world’s fastest growing cloud-based data protection company. The startup is currently protecting over 100 petabytes of data for its over 4,000 global customers.
The latest funding will allow Druva to go head to head with the likes of Veritas, Commvault, EMC and other data management startups in the cloud market. Druva plans to use the fresh capital to accelerate R&D effort and expands its global marketing campaign.
The company’s investors include Tenaya Capital, Nexus Venture Partners, Blue Cloud Ventures, Dell Technologies Capital, EDB Investments, Indian Angel Network, Hercules Capital Inc., NTT Finance, and Sequoia Capital.
Overall, the company has raised a total of $198 million in fresh capital, according to startup profiling CrunchBase.
Druva introduced its new cloud-based platform
Druva said that the data protection market is evolving fast, and it claims that it has the right products to capitalize on this great opportunity. Cybersecurity threats are getting more sophisticated these days.
This makes data protection a top priority for most companies today.
Luckily, Druva has managed to come out with one big data protection idea that could help companies. The company’s approach to the current security challenge is to protect data in the centralized cloud while embracing information governance for data regulatory support and artificial intelligence for early warning detection and security intelligence.
As mentioned earlier by Silicon Angle, Druva has introduced Druva Cloud Platform, the company’s next-generation cloud data protection and management solution delivered as-a-service. The new cloud-based solution provides integration with endpoints, infrastructures, and SaaS (Software-as-a-service) applications.
Additionally, the Druva Cloud Platform also includes a new cloud feature called Druva One, which offers a single pane of glass experience for data availability, backup, information governance and data protection. This new Druva feature has been designed to eliminate separate logins or silo-structured interfaces, reducing the effort and cost of managing multiple IT systems.
In addition to the Druva Cloud Platform, the company is also adding a new search experience called Context Aware Search. This new tool provides a consumer-like search experience to enterprise data management. The tool uses internal search history to help users easily find information, the Silicon Angle reported.
