Druva Raises $130 Million to Power Data Protection for the Cloud Era
Sunnyvale, Calif., United States: Druva, Inc., the leader in Cloud Data Protection and Management raises $130 million funding led by Viking Global Investors, pushing total capital raised to $328 million.
The round also included participation from new investors including certain funds advised by Neuberger Berman and Atreides Management, as well as existing investors including Riverwood Capital, Tenaya Capital, and Nexus Venture Partners.
The investment will be used to fuel growth and global expansion, as well as drive new product innovations.
Druva’s success has been fueled by the rapid growth of enterprise cloud adoption, a massive proliferation in data, and an evolving regulatory landscape.
With a market size expected to reach $55 billion by 2020 according to IDC*. Built o...