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SaaS startup Druva gets $147 million funding at $2 billion valuation

SaaS startup Druva gets $147 million funding at $2 billion valuation SECTIONS Last Updated: Apr 19, 2021, 07:15 PM IST Share Synopsis Druva will use the funding from investors CDPQ and Neuberger Berman for product development and expand into the Nordics and Australia, Jaspreet Singh, CEO of the California-based SaaS startup says. Getty Images Pune:Druva, a cloud data protection and management firm has raised $147 million in a funding round led by Canada’s Caisse de dépôt et placement du Québec (CDPQ), with significant participation by investment management firm Neuberger Berman. Both the firms manage over $300 billion in net assets. The fresh round of funding values the Pune- and California-based software-as-a-service (SaaS) company at over $2 billion and includes participation from existing investors Viking Global Investors and Atreides Management. This takes the total funds raised by the Sunnyvale, California-headquartered company to $475 million.

United statesCharles kantorPhil goodwinJaspreet singhNeuberger bermanAlexandre synnettViking global investorsTech topTechnology officer alexandre synnettDruva cloud platformResearch directorஒன்றுபட்டது மாநிலங்களில்சார்லஸ் க்யாஂடர்பில் குட்வின்ஜஸ்பிரீத் சிங்நேஉபெற்கேற் பெர்மன்

Druva Hits $2B Valuation With New $147M Funding

Druva Hits $2B Valuation With New $147M Funding ‘With the growth and momentum in the market and the growth in our platform, this is the right time to double down and invest into better innovation, better channel partners, better marketing options, international expansion, all those areas we had already been doing, but on a larger scale,’ says Druva CEO and Founder Jaspreet Singh. By Joseph F. Kovar April 19, 2021, 09:09 AM EDT Cloud-based data protection and data management technology developer Druva on Monday unveiled a new funding round which brought the company an additional $147 million and a new valuation of over $2 billion.

Jaspreet singhViking global investorsAtreides managementDruva cloud platformGoogle workspaceCloud storageData protection disaster recoveryLoud platformsஜஸ்பிரீத் சிங்வைக்கிங் உலகளாவிய முதலீட்டாளர்கள்திருவா மேகம் நடைமேடைகூகிள் பணியிடம்மேகம் சேமிப்பு

Data security startup Druva s valuation doubles to $2 bn on raising $147 mn

Druva, a data-protection startup that counts US space agency NASA and drugmaker Pfizer among its customers, has received $147 million investment as it rapidly scales in response to accelerated demand for its platform. The fundraise was led by Caisse de dépôt et placement du Québec (CDPQ), a global investment group, with a significant investment by Neuberger Berman, each of which manage more than $300 billion in net assets. The round has increased the Pune and California-based company’s valuation above $2 billion. The financing round also included participation from existing investors Viking Global Investors and Atreides Management. “The unprecedented events of 2020 have ushered in a generational cloud transformation for businesses, and data’s increasing value is at the very heart of it,” said Jaspreet Singh, co-founder and CEO, Druva. He said Druva pioneered the cloud data protection category almost a decade ago. This has led the way in defining the architecture, busine

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Druva Secures $147 Million Investment to Extend Market Leadership

Druva Secures $147 Million Investment to Extend Market Leadership
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Druva Secures $147M in Funding

Druva Secures $147M in Funding
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Neuberger bermanJaspreet singhDruva incCloud data protectionViking global investorsDruva cloud platformGoogle workspaceநேஉபெற்கேற் பெர்மன்ஜஸ்பிரீத் சிங்திருவா இன்க்மேகம் தகவல்கள் ப்ரொடெக்ஶந்வைக்கிங் உலகளாவிய முதலீட்டாளர்கள்திருவா மேகம் நடைமேடைகூகிள் பணியிடம்