Druva Secures $80 Million

Software startup Druva completed $80 million in financing. Four investors contributed to the round: Riverwood Capital, Sequoia India, Nexus Venture Partners, and Tenaya Capital.

As the industry’s fastest growing cloud-based data protection provider, Druva is trusted by more than 4,000 global organizations, with in excess of 50 PB of data under management. Today, 40 percent of corporate data resides beyond the data center on endpoints and in the cloud. This loss of visibility and control introduces new threats to data, forcing enterprises to rethink how to manage business continuity and information governance. Druva’s security solutions offer a single dashboard for backup, availability, and governance, reducing the effort to manage multiple systems, eliminating associated risks, and significantly lowering TCO.

The company revealed that Druva will use this late-stage investment dramatically to accelerate research and development and expand go-to-market efforts worldwide.