Druva is a Sunnyvale, California-based cloud data control and safety software startup. The firm provides “advanced analytics as a service,” which includes data security, regulation, and insight.
Corporate endpoint restoration, data encryption, secure information sharing, cloud service backup and preservation, server backup, and disaster recovery are among Druva’s strengths.
The Cloud data protector Druva is currently valued at $2 billion after it received Series H funding of $147 million.
Druva’s 4,000 clients, to which it provides SaaS service, include NASA, Pfizer, and Regeneron Pharmaceuticals.
About Druva and the company’s timeline
Druva, the legal name Druva Inc., was founded on August 2nd, 2008 by Jaspreet Singh, Milind Borate, and Ramani Kothandaraman. The company’s headquarters are in the San Francisco Bay Area, in Silicon Valley on the West Coast. The company has a monopoly in Cloud Data Services, Cloud Security, Data Storage, and Compliance, Enterprise Software, and Saas.
Druva’s Data Resiliency Cloud, the corporation’s first and so far only at-scale SaaS solution, allows for cybersecurity and data to function for every enterprise. Customers who expedite cloud adoption may significantly simplify data protection, improve data ownership, and receive greater data visibility and insights.
Druva pioneered a SaaS-based strategy to eliminate complicated architecture and associated administrative expenses while delivering data resiliency through a single platform that spans various countries and clouds.
Druva’s proprietary cloud infrastructure turns backup data into an asset, making it more available and transparent, allowing companies to streamline governance, boost security resiliency, and get key insights to find possibilities and accelerate decision-making.
Druva’s Timeline of Innovation and Achievements
Druva announced its initial general availability of continuous data protection service inSync 1.0 for laptops and desktops in 2008, the same year it got its first seed investment and had just seven workers. In 2009, they released inSync version 3.0, which included bare-metal restoration, performance enhancements, and improved control over sync frequency.
It received its first Series A investment in 2010 and employed 54 employees. In 2011, they received a series B investment after increasing their personnel capacity to 83 and releasing data loss protection as well as iPad and iPhone support.
In 2012, the firm unveiled IT-managed file sharing and integrated backup, and Gartner placed it first in Enterprise Endpoint Backup.
In 2013, they obtained a series C investment and developed a data security and governance platform. From 2014 to 2017, Druva offered remote server backup, proactive compliance, disaster recovery capabilities, and anomaly detection 2014 to 2017, in addition to Series D and E investments.
In 2018, they bought Cloud Ranger. Its yearly recovery revenue topped $100 million in 2019. They bought sfApex in 2020 and 2021, respectively, and their corporate worth topped $2 billion. They were also selected as the Best SaaS Platform for Data Resiliency in 2022.
Druva Funding and Financials
Druva has received $475 million in investment in 12 rounds. Their most recent fundraising came in the form of a Series H round on August 1, 2021. Druva is backed by 17 different investors. The most recent investors are BluePointe Ventures and Atreides Management.
According to PrivCo, Druva has a post-money worth of $1B to $10B as of April 19, 2021. Sign up for a free trial to see the actual value and search for companies with comparable valuations. Druva has bought three businesses. On November 17, 2020, they made their most recent purchase, SfApex.
The Challenge Before Druva and How They Deal with it
Druva chose to provide a cloud version of the inSync platform to extend its company and appeal to consumers who desire a cloud-based solution. The firm required a cloud service provider who could satisfy its client needs while allowing Druva to focus on its primary business.
Druva is a worldwide organization, and we required a service provider with servers in several geographic regions, says Milind Borate, CTO and co-founder of Druva. We needed a platform that would grow with us while achieving our strict enterprise-level security needs.
They picked AWS to take on the task because of its technological prowess and reputation as a constant innovator.
Customers may access data via the inSync Cloud platform at any time, from any location, using a web browser or a mobile device. The inSync Cloud is distributed across various AWS Availability Zones in two different AWS regions.
FAQ’s
Druva is a Sunnyvale, California-based cloud data control and safety software startup. The firm provides “advanced analytics as a service,” which includes data security, regulation, and insight.
Druva pioneered a SaaS-based strategy to eliminate complicated architecture and associated administrative expenses while delivering data resiliency through a single platform that spans various countries and clouds.
Druva’s proprietary cloud infrastructure turns backup data into an asset, making it more available and transparent, allowing companies to streamline governance, boost security resiliency, and get key insights to find possibilities and accelerate decision-making.
Druva, legal name Druva Inc. was founded on 2nd August 2008 by Jaspreet Singh, Milind Borate, and Ramani Kothandaraman.
Druva has received $475 million in investment in 12 rounds.
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