The startup helps clients including Zoom and Boston Dynamics protect their data on Salesforce platforms.
Bloomberg | Jan 28, 2021
Katie Roof (Bloomberg) OwnBackup, a startup that helps companies protect their data on Salesforce.com Inc. platforms, has been valued at almost $1.4 billion in a new funding round.
The company raised $167.5 million from a group of investors led by Salesforce Ventures, Insight Partners and Sapphire Ventures, according to a statement Thursday. Innovation Endeavors, Vertex Ventures and Oryzn Capital also participated.
New Jersey-based OwnBackup works with customers including Zoom Video Communications Inc. and robotics design firm Boston Dynamics Inc. to help protect against data loss from human error, bad code or malicious intent.
In an email leaked to Insider about the announcement, Stripe wrote: We kicked off our search for this role in May 2019 and since then have spoken with many of the industry s leading lights. It took a while to find the right person, but we couldn t have gotten luckier with Shannon.
Brayton was previously at LinkedIn for nine years as chief marketing officer. In the email, she said she met John Collison, the CEO of Stripe, almost four years ago and has always kept the company on her radar.
Stripe is one of the world s most valuable startups, last valued at $36 billion earlier this year. In November, Stripe reportedly entered talks to raise a new funding round that could value the unicorn startup at more than $70 billion or as much as $100 billion, according to Bloomberg s Katie Roof
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