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Business News/ Companies / Start-ups/  Druva raises $80 million from investors led by Riverwood Capital
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Druva raises $80 million from investors led by Riverwood Capital

Cloud data protection and management solutions firm Druva said it has raised $80 million (over Rs512 crore), led by Riverwood Capital

Cloud deployments by Druva, which means ‘north star’ in Sanskrit, now span more than 4,000 enterprise customersPremium
Cloud deployments by Druva, which means ‘north star’ in Sanskrit, now span more than 4,000 enterprise customers

New Delhi: Cloud data protection and management solutions firm Druva on Tuesday said it has raised $80 million (over Rs512 crore), led by Riverwood Capital.

The funding round also saw participation from Sequoia Capital India, Nexus Venture Partners, Tenaya Capital, and most other existing venture investors, a statement on Tuesday said. It added that the latest round brings the total funding raised by the company to about $200 million.

“Druva will leverage this late-stage investment to dramatically accelerate research and development, expand go- to-market efforts worldwide, and lead the industry in redefining how enterprises protect, manage, and use their data," it said.

The data protection market is expected to touch $28 billion in 2022 for both cloud-based and on-premises servers. Cloud deployments by Druva -- which means ‘north star’ in Sanskrit -- now span more than 4,000 enterprise customers.

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Published: 22 Aug 2017, 10:08 PM IST
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