KUALA LUMPUR, April 20 (Bernama) -- Druva Inc, the leader in Cloud Data Protection and Management, has announced a US$147 million investment as it rapidly scales in response to accelerated demand for its platform. (US$1 = RM4.118)
This new investment will fuel continued expansion of Druva Cloud Platform to meet today’s unprecedented needs, extending the company’s industry leadership as it defines tomorrow’s data protection.
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 US$300 billion in net assets.
The round, which raises the company’s valuation above US$2 billion, also included participation from existing investors Viking Global Investors and Atreides Management, according to a statement.
“This investment and our continued, rapid growth is further validation of our vision for a simple, open and unified data protection and management platform,” said Druva founder and chief executive officer, Jaspreet Singh.
With the ability to deliver faster time to value and help businesses manage, protect and govern critical data during their digital transformation efforts, Druva Cloud Platform’s customer base has expanded substantially during 2020, while the adoption of multiple Druva Cloud Platform products has increased by 50 per cent in the same time period.
Last year, the company’s data under management grew by more than 40 per cent as Druva supports industry leaders, disruptors, and pioneers including GameStop, Marriott, NASA, National Cancer Institute, Pfizer, and Regeneron Pharmaceuticals.
-- BERNAMA
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