Druva Scores $80M Funding for Cloud Data Protection

Total warchest now about $200 million for the cloud data protection and management specialist.

Mitch Wagner, Executive Editor, Light Reading

August 22, 2017

2 Min Read
Druva Scores $80M Funding for Cloud Data Protection

Druva, which specializes in cloud data protection and management, rang up $80 million in growth equity funding on Tuesday, bringing its total warchest to about $200 million.

Druva will use the latest funding round for research and development and worldwide expansion. The latest funding was led by Riverwood Capital, with strong participation from Sequoia Capital India, Nexus Venture Partners, Tenaya Capital and most other previous venture investors, according to the company.

Druva launched a service this month to allow enterprises to back up and protect data in multiple public, hybrid and private clouds. Druva Cloud Platform -- which the company touts as "data management-as-a-service," provides backup to Amazon S3 or Microsoft Azure, of data located on laptops, desktops, mobile devices and other endpoints, as well as on-premises servers and cloud applications such as Microsoft Office 365. Druva Cloud Platform protects against ransomware and other threats by providing a virtual firewall to separate production data from archives, and blocking attackers from crawling data looking for vulnerabilities. (See Druva Debuts Protection for Cloud Data.)

Figure 1: Photo by aisletwentytwo (CC BY 2.0) Photo by aisletwentytwo (CC BY 2.0)

Druva estimates the size of the data protection industry will grow to $28 billion in 2022 for cloud-based and on-premises servers.

Druva grew 300% annually in server data protection, and serves more than 4,000 enterprise customers worldwide, including Continental, Emerson, Flex, Fujitsu and Lockheed Martin; the company protects more than 40 petabytes of data.

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About the Author(s)

Mitch Wagner

Executive Editor, Light Reading

San Diego-based Mitch Wagner is many things. As well as being "our guy" on the West Coast (of the US, not Scotland, or anywhere else with indifferent meteorological conditions), he's a husband (to his wife), dissatisfied Democrat, American (so he could be President some day), nonobservant Jew, and science fiction fan. Not necessarily in that order.

He's also one half of a special duo, along with Minnie, who is the co-habitor of the West Coast Bureau and Light Reading's primary chewer of sticks, though she is not the only one on the team who regularly munches on bark.

Wagner, whose previous positions include Editor-in-Chief at Internet Evolution and Executive Editor at InformationWeek, will be responsible for tracking and reporting on developments in Silicon Valley and other US West Coast hotspots of communications technology innovation.

Beats: Software-defined networking (SDN), network functions virtualization (NFV), IP networking, and colored foods (such as 'green rice').

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