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Druva Secures $147 Million Investment To Extend Market Leadership

Apr 19, 2021•about 4 years ago

Amount Raised

$147 Million

Sunnyvale

Description

Druva Inc., the leader in Cloud Data Protection and Management, today announced a $147 million investment as the company rapidly scales in response to accelerated demand for its platform. The fundraise was led by Caisse de dépôt et placement du Québec (CDPQ), a global investment group, with a significant investment by Neuberger Berman, each of which manage more than $300 billion in net assets. The round, which raises the company’s valuation above $2 billion, also included participation from existing investors Viking Global Investors and Atreides Management. As organizations quickly move workloads to cloud environments, adopt SaaS solutions, and combat rising cyber threats, this new investment will fuel continued expansion of Druva Cloud Platform to meet today’s unprecedented needs, and extend the company’s industry leadership as it defines tomorrow’s data protection.

Company Information

Company

Druva Cloud Platform

Location

Sunnyvale, California, United States

About

Built for the public cloud with a microservices architecture, Druva Cloud Platform is secure by design, always up-to-date, and offers all-inclusive, consumption-based pricing. The industry’s largest cloud-native SaaS platform operating at scale, Druva Cloud Platform enables organizations to centrally protect data, no matter where it lives: cloud environments, leading SaaS applications such as Microsoft 365, Google Workspace and Salesforce, hybrid environments, or endpoint devices. Leveraging this innovative SaaS platform, organizations can reduce the cost and complexity of data protection, accelerate and protect cloud projects and increase cyber resilience and regulatory compliance.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech