Cloud data protection
Druva a Pune based cloud data protection and information Management Company has raised $51 million funding from Sequoia Capital. The funds will be used to accelerate both adoption & product innovation, boost sales, marketing and to expand the business.
The round was led by Sequoia India, its existing investor, and by new investors including EDBI- Singapore based, Hercules Capital and Blue Cloud Ventures. Other investors who contributed include Tenaya Capital, Nexus Venture Partners and NTT Finance.
Shailendra Singh, Managing Director at Sequoia Capital India Advisors said,
“Druva is at the cutting edge of leveraging cloud to solve data protection challenges for today’s enterprises. The team’s ability to deliver multiple best-in-class solutions on common scalable architecture makes us very excited about what the future holds. It has been six years since Sequoia India’s first Series A investment. We are thrilled to continue to partner with Druva to build an enduring company.”
It was founded by Jaspreet Singh, Ramani Kothandaraman and Milind Borate. It collects data and unify backup, archival, disaster recovery and governance capabilities onto a single optimised data set.
Jaspreet Singh, Druva founder and CEO, said,
“The fragmentation of data, combined with increasing regulatory needs, is making enterprises everywhere rethink how information is best managed. In today’s age, simple is genius, and Druva’s 82 NPS speaks to how our cloud-first approach is simple yet disruptive.”
It claims to have more than 4,000 clients protecting over 25 PB of data. It competes with major players in the antivirus space which includes Symantec, Norton & Avast.
It is headquartered in Sunnyvale, California. It has offices in India, Germany, UK, Singapore, Australia and Japan.
Since the last 2 years Druva has increased its global presence by expanding its presence, launching subsidiaries in both Germany and Japan, and hiring over 400 employees. New customers gained during the period include Chipotle, Hulu, NASA, LiveNation, Marriott, ServiceNow, Stanford University, NBC Universal and Leidos.