Wednesday, September 28, 2016

Druva Downloads $51M More For Data Protection In The Cloud

Sunnyvale-based Druva, which develops cloud-based, data protection software used by the enterprise, has raised $51M in a funding round, bringing its total raised to $118M. Druva said the new round was led by existing investor Sequoia India, and also included EBDI, Blue Cloud Ventures, Hercules Capital, plus NTT Finance, Nexus Venture Partners and Tenaya Capital. The company, led by founder and CEO Jaspreet Singh, said the funding goes towards product innovation, adoption, and sales and marketing, and global expansion. More information »