Druva Raises Funding From Japan-based NTT Finance & Telephone Corporation

Pune-based Druva, a converged data protection solution provider, has raised a strategic investment from NTT Finance, the financial arm of Japanese telecommunications company Nippon Telegraph and Telephone Corporation.

The company plans to strengthen its presence in Japan with the newly raised capital.

Jaspreet Singh, founder and CEO of Druva, said, “We see our Japanese market expansion as a way to sustain the continued doubling of our global business each year with the Japanese growth significantly in excess of this.”

Druva was founded in 2008 by Jaspreet Singh, Milind Borate and Ramani Kothandaraman and is headquartered in Sunnyvale, California, with additional offices in India, the UK, Germany, Singapore, Japan, and Australia.

The company provides data protection and governance services to over 3,000 mid to large-enterprise customers across a wide range of industries that includes technology, manufacturing, healthcare, education, government, retail, and financial services. It serves over 4,000 enterprise customers with 65% of them in the Americas, 25% in Europe and the Middle East, and 10% in the Asia Pacific region.

Druva was identified as one of the top 30 product companies in the country according to the iSPIxB2B Index by software products think-tank iSpirt.

The company has raised a total of $67 Mn from investors including Sequoia Capital, Tenaya Capital, Nexus Venture Partners, along with Sharad Sharma as an angel investor.

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