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Druva Raises $25 Mn In Series D From Sequoia, Nexus And Tenaya Capital

Druva Raises $25 Mn In Series D From Sequoia, Nexus And Tenaya Capital

Druva, a cloud backup, data protection and governance tool has raised $25 Mn in Series D funding led by Sequoia Capital, Nexus Venture Partners and Tenaya Capital.

The startup had previously raised $25 Mn in Series C, taking the total funds raised by it to $67 Mn.

Druva offers an endpoint data protection service for enterprises. It protects against data loss by storing it on cloud with agents on phones, tablets, laptops, and other devices. These agents upload data to Druva’s centralized cloud. When data or devices get lost, data can be restored from Druva’s cloud.

Since the last round in October 2013, the company’s enterprise customer base has surged from 2,100 to 3,000 with 2.8 Mn devices in 76 countries. New customers gained during the period included Dell, Hitachi, Kronos, Pfizer, Reckitt Benkhiser, RHI, Shire etc.

The startup is working with eDiscovery vendors like vendors like Recommind and AccessData that expedites litigation-related endpoint data review and analysis.

“Our business is now at an inflection point. We have established the value of our inSync platform, gone beyond data protection with the addition of critical governance capabilities, begun building an ecosystem with partnerships that will leverage inSync-captured data to meet a range of needs, and launched an initiative to expand our offerings for protecting data at the edge of the enterprise,” said Jaspreet Singh, Druva founder and CEO. “This new round of funding will help advance our agenda and bring innovative solutions to enterprises to manage data beyond the corporate firewall.”

The funding raised will be used for R&D for new inSync enhancements, diversification of the Druva product portfolio, and further expansion into global markets.

druva team-inc42

The company was founded in 2008 by Jaspreet Singh, Milind Borate and Ramani Kothandaraman.

Click here to read what Jaspreet Singh, Founder and CEO, Druva has to say about the funding.