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Druva raises $147M at $2B+ valuation as cloud backup market keeps growing
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Druva Inc., a major player in the growing cloud-based data protection market, has closed a $147 million funding round at a valuation exceeding $2 billion.
The company, which first achieved unicorn status in 2019, announced the new financing today. Canadian investment firm CDPQ led the round. It was joined by Neuberger Berman as well as existing Druva backers Viking Global Investors and Atreides Management.
Sunnyvale, California-based Druva was one of the first players in the now-crowded cloud data protection market when it joined the fray nearly a decade ago. The startup provides a software-as-a-service platform hosted on Amazon Web Services that companies can use to back up their business records. Druva’s platform can back up data from public clouds and software-as-a-service products such as Microsoft 365, as well as on-premises infrastructure and employee d ....

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