SUNNYVALE, Calif., June 21 (Bernama-BUSINESS WIRE) — Druva, Inc., the leader in Cloud Data Protection and Management, today announced a $130 million investment led by Viking Global Investors, pushing total capital raised to $328 million. The round also included participation from new investors including certain funds advised by Neuberger Berman and Atreides Management, as well as existing investors including Riverwood Capital, Tenaya Capital, and Nexus Venture Partners. The investment will be used to fuel growth and global expansion, as well as drive new product innovations.
Druva’s success has been fueled by the rapid growth of enterprise cloud adoption, a massive proliferation in data, and an evolving regulatory landscape. At the same time, the data protection industry has continued to expand significantly, with a market size expected to reach $55 billion by 2020 according to IDC*. Built on Amazon Web Services (AWS), Druva is a SaaS solution in a market dominated by legacy hardware vendors, enabling customers to eliminate complexity and drive down costs by up to 50 percent. Druva’s patented technology delivers all-in-one backup, disaster recovery, archival and analytics solutions that deploy in a single click and provide 360-degree visibility and control across all environments. To date, over 4,000 enterprise customers have placed their trust in Druva, including 10 percent of the Fortune 500, such as Flex, Hitachi, Live Nation, Marriott, and Pfizer.