Pune-based Druva, a converged data protection solution provider has raised $51 Mn funding led by existing investor Sequoia India.
Singapore-based EDBI, as well as Blue Cloud Ventures and Hercules Capital also participated in this round. This round also includes contributions from other existing investors including NTT Finance, Nexus Venture Partners, and Tenaya Capital.
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.”
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. It offers cloud data protection and information management, leveraging the public cloud to offer a single pane of glass to protect, preserve, and discover information.
The newly raised funding will be used to accelerate both product innovation and adoption, and for enhancing product capabilities across Druva’s secure cloud platform. In addition, the capital will be used to further drive sales and marketing, and company’s global expansion.
According to a company statement, over the last two years, Druva increased its global presence, growing to over 400 employees and expanding direct presence, while launching subsidiaries in both Japan and Germany. New customers gained during the period included NASA, Chipotle, LiveNation, Hulu, Marriott, Leidos, NBC Universal, ServiceNow, Stanford University and others.
The new funding brings Druva’s total capital raised to $118 Mn. In April this year, it was reported that Druva raised a strategic investment from NTT Finance, the financial arm of Japanese telecommunications company Nippon Telegraph and Telephone Corporation.
