Security News > 2021 > April > Druva raises $147M to continue expansion of Druva Cloud Platform

Druva announced a $147 million investment as the company rapidly scales in response to accelerated demand for its platform.

As organizations quickly move workloads to cloud environments, adopt SaaS solutions, and combat rising cyber threats, this new investment will fuel continued expansion of Druva Cloud Platform to meet today's unprecedented needs, and extend the company's industry leadership as it defines tomorrow's data protection.

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 percent in the same time period.

"The unprecedented events of 2020 have ushered in a generational cloud transformation for businesses, and data's increasing value is at the very heart of it," said Jaspreet Singh, founder and CEO, Druva.

"Druva pioneered the cloud data protection category almost a decade ago and has led the way in defining the architecture, business model, and user experience our customers now expect."

"The last 12 months have underscored how organizational agility is at a premium, and IT leaders are increasingly turning to cloud technologies to increase business resilience and velocity," said Phil Goodwin, Research Director, IDC. "Companies able to simplify complex data protection processes, particularly by leveraging the cloud, can gain strategic advantage through better data availability and Druva Cloud Platform is architected to make it a compelling choice for organizations navigating cloud migrations."

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