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Data protection firm Acronis raises $250m from CVC Capital, valuation soars to $2.5b

Data protection firm Acronis raises $250m from CVC Capital, valuation soars to $2.5b
Acronis co-founder, president and COO Stanislav Protassov. Photo: Acronis.
May 4, 2021
Singapore and Switzerland-headquartered data protection firm Acronis on Tuesday announced it has bagged $250 million in equity funding from private equity firm CVC Capital Partners at a post-money valuation of $2.5 billion.
Acronis, which was founded in Singapore in 2003 and incorporated in Switzerland in 2008, has now raised $408 million in external funding. The firm had last raised $147 million in 2019 in a round led by Goldman Sachs.
Acronis provides AI-based anti-malware and blockchain-based data authentication technologies to protect cloud, hybrid and on-premise IT environments. It claims its products are used by 5.5 million home users and 500,000 companies. ....

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Acronis raises $250M at a $2.5B+ valuation to double down on cyber protection services – TechCrunch

Acronis raises $250M at a $2.5B+ valuation to double down on cyber protection services
As cybersecurity continues to grow in profile amid an increasingly complex and dangerous landscape of malicious activity, a cybersecurity vendor that specializes in “all-in-one” services covering the many aspects of security IT has closed a big round of funding.
Acronis has raised $250 million in equity, and co-founder and CEO Serguei Beloussov said in an interview the company plans to use the financing both to grow organically, as well as for acquisitions to bring more “proactive” technology into its portfolio. The funding is being led by CVC and values Acronis at over $2.5 billion. ....

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