Druva Secures $147 Million Expense to Prolong Market place Leadership

SUNNYVALE, Calif.–(Enterprise WIRE)–Druva Inc., the leader in Cloud Information Safety and Management, right now declared a $147 million expenditure as the enterprise quickly scales in reaction to accelerated desire for its platform. The fundraise was led by Caisse de dépôt et placement du Québec (CDPQ), a worldwide financial commitment group, with a important financial investment by Neuberger Berman, every single of which regulate additional than $300 billion in web property. The spherical, which raises the company’s valuation previously mentioned $2 billion, also included participation from existing investors Viking International Traders and Atreides Administration. As corporations promptly shift workloads to cloud environments, undertake SaaS alternatives, and combat climbing cyber threats, this new investment will gas continued enlargement of Druva Cloud Platform to fulfill today’s unprecedented wants, and lengthen the company’s industry leadership as it defines tomorrow’s information security.

About the final 12 months, enterprises have moved quickly to adopt cloud alternatives to fortify business enterprise resilience, maintain essential business operations, and help hybrid work styles. Based mostly on this demand from customers, Gartner, Inc. forecasts cloud adoption will achieve a 5-12 months compound once-a-year advancement rate (CAGR) of 20.7 per cent.* As data grows exponentially in parallel to this new working design, regular data protection dependent on hardware and computer software is no longer scalable or value-powerful. As an alternative, enterprises will need a new approach which can be deployed from anywhere, shield information across the company, and provide it securely as a support. Only options developed natively in the cloud will be able to successfully deliver all this functionality and, 40 % of businesses will nutritional supplement or wholly switch standard backup applications with cloud-based methods by 2022, in accordance to Gartner, Inc.**

“Rising volumes of stored data, fast adoption of cloud and deployment of SaaS purposes, regulatory frameworks and cybersecurity problems have accelerated the desire for facts defense and administration remedies for enterprises,” said Alexandre Synnett, Government Vice President and Chief Technologies Officer, CDPQ. “The performing-from-home dynamic seasoned globally has additional accentuated the want for cloud-based details security methods and we imagine Druva is in an fantastic posture to seize possibilities and improve its clients’ agility and info compliance.”

With the ability to supply speedier time to price and assist organizations manage, protect, and govern significant info in the course of their digital transformation attempts, Druva Cloud Platform’s client foundation has expanded substantially throughout 2020, even though the adoption of multiple Druva Cloud System goods has improved by 50 percent in the same time period of time. In the past year, the company’s information under administration has developed by extra than 40 per cent as Druva supports industry leaders, disruptors, and pioneers like GameStop, Marriott, NASA, Countrywide Cancer Institute, Pfizer, and Regeneron Prescribed drugs.

“We have been incredibly impressed by Druva’s talented administration workforce, leading technology, and ongoing innovation in serving the company current market,” claimed Charles Kantor, Running Director, Neuberger Berman. “We think we are in the early innings of enterprises shifting workloads to the cloud, and Druva’s proprietary answers posture the company for very long-term achievement. We search forward to providing our professional market views to management as Druva marks this essential inflection stage in its development trajectory.”

“The unparalleled events of 2020 have ushered in a generational cloud transformation for enterprises, and data‘s increasing price is at the pretty heart of it,” said Jaspreet Singh, founder and CEO, Druva. “Druva pioneered the cloud information protection category nearly a decade in the past and has led the way in defining the architecture, company product, and person knowledge our clients now assume. This financial investment and our continued, immediate expansion is further more validation of our vision for a easy, open, and unified knowledge security and management platform.”

“The final 12 months have underscored how organizational agility is at a high quality, and IT leaders are progressively turning to cloud technologies to maximize organization resilience and velocity,” claimed Phil Goodwin, Investigate Director, IDC. “Companies ready to simplify advanced info safety processes, especially by leveraging the cloud, can achieve strategic gain by way of far better facts availability and Druva Cloud Platform is architected to make it a compelling choice for organizations navigating cloud migrations.”

More facts:

• Buyer Recommendations: Listen to from our shoppers on how Druva allows them prosper in the cloud era
• System Overview: Study more about Druva Cloud Platform
• Movie: Highlights of today’s announcement and Druva’s milestones above the past 12 months

*Gartner, Forecast: Public Cloud Products and services, All over the world, 2019-2025, 1Q21 Update, ID G00743201. Posted 25 March, 2021.

**Gartner, 2020 Strategic Roadmap for Storage, ID G00722078. Posted 1 January, 2020.

About Druva Cloud Platform

Constructed for the general public cloud with a microservices architecture, Druva Cloud Platform is safe by style and design, generally up-to-date, and provides all-inclusive, intake-dependent pricing. The industry’s most significant cloud-indigenous SaaS platform running at scale, Druva Cloud Platform permits companies to centrally safeguard information, no make a difference in which it lives: cloud environments, top SaaS programs these kinds of as Microsoft 365, Google Workspace and Salesforce, hybrid environments, or endpoint devices. Leveraging this revolutionary SaaS system, businesses can cut down the cost and complexity of facts safety, speed up and secure cloud projects and boost cyber resilience and regulatory compliance.

About Druva

Druva delivers Details Safety and Management for the cloud era. Druva Cloud System is built on AWS and available as-a-Company prospects generate down expenses by up to 50 per cent by liberating them selves from the load of needless hardware, capability organizing, and application management. Druva is reliable by countless numbers of organizations globally, which include more than 50 of the Fortune 500. Druva is a privately held company headquartered in Sunnyvale, California and is funded by Sequoia Funds, Viking World wide Investors, CDPQ, Neuberger Berman, Tenaya Money, Riverwood Money and Nexus Associates. Check out druva.com and comply with us on LinkedIn, Twitter and Facebook.

ABOUT CDPQ

At Caisse de dépôt et placement du Québec (CDPQ), we make investments constructively to crank out sustainable returns over the extended term. As a world wide financial commitment group handling money for public retirement and insurance policies ideas, we function alongside our companions to develop enterprises that drive efficiency and development. We are active in the main economical marketplaces, personal fairness, infrastructure, real estate and non-public personal debt. As at December 31, 2020, CDPQ’s web belongings whole CAD 365.5 billion. For additional information, stop by cdpq.com, stick to us on Twitter or seek advice from our Fb or LinkedIn pages.