IDrive Launches New, $10M Startup Fund

Calabasas-based IDrive, the provider of online backup storage led by Raghu Kulkarni, has launched a new, $10M startup fund called IDrive Ventures, the company said Friday. The company said it has already investe in four different companies out of the fund. IDrive did not say what the criteria for investment from its new investment fund will be. The company disclosed it has alredy made investments in Cymmetria, Fresco, ScopeAR, and Zenflow.