Security News > 2021 > May > Acronis Raises $250 Million at $2.5 Billion Valuation
Cyber protection solutions provider Acronis on Tuesday announced that it has raised $250 million at a valuation of $2.5 billion.
The funding, which brings the total raised by the company to more than $400 million, was led by CVC Capital Partners VII. Acronis announced achieving "Unicorn" status in 2019 after raising $147 million.
Acronis provides solutions for protecting data, applications and systems, including antivirus, disaster recovery, backup and endpoint management products.
Acronis says its products are used by more than 5.5 million home users and over half a million companies, including all Fortune 1000 firms.
"With this additional funding, we will accelerate the development of our product portfolio and invest more in our partners' success," said Serguei 'SB' Beloussov, founder and CEO of Acronis.
Cybersecurity companies whose value exceeds $1 billion have become commonplace in the past year, but there have also been several firms valued at more than $2 billion.