Security News > 2021 > April > Druva Raises $147 Million at $2 Billion Valuation
California-based cloud data protection and management firm Druva on Monday announced raising another $147 million, which brings the company's valuation to more than $2 billion.
Druva has developed a cloud-native platform that helps organizations protect data across cloud environments, endpoint devices, SaaS applications and hybrid environments.
Druva says its solutions are used by thousands of organizations worldwide, including 50 of the Fortune 500 companies.
"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 of 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. This investment and our continued, rapid growth is further validation of our vision for a simple, open, and unified data protection and management platform."
Druva is one of the more than 30 cybersecurity unicorns.