Druva Pulled in $147M to Expand Its Cloud-Native Data Protection Platform

As it works to help companies protect their data throughout digital transformations, Druva has seen significant growth and is poised for more following its latest injection of capital.

Written by Ashley Bowden
Published on Apr. 20, 2021
Druva Pulled in $147M to Expand Its Cloud-Native Data Protection Platform
druva funding
Jaspreet Singh, Druva’s founder and CEO. | Photo: Druva / Facebook

The world has undergone quite a shift over the past year, and companies around the world are undergoing digital transformations to keep up with the times. Now, with the increase in workloads that have been moved to the cloud, Sunnyvale-based company Druva has closed on a $147 million funding round to assist more companies looking to keep track of all their data.

Enterprises around the world have adopted more digital solutions to strengthen their business and maintain their operations during an era of remote work. In turn, this also entails a rise in cyber threats and an abundance of cloud-based data to manage. Druva’s cloud-native SaaS platform provides organizations with centralized data protection that can be deployed from anywhere and protected across their enterprise.

Druva has undergone significant growth over the past year having gained a larger customer base along with a 50 percent increase in adoption of its tech. The amount of corporate data Druva manages has also increased by 40 percent. The company lists companies including GameStop, NASA and Pfizer as customers.

“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,” Jaspreet Singh, Druva’s founder and CEO, said in a statement. “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.”

Following its latest round of funding, led by Caisse de dépôt et placement du Québec, Druva is now valued at $2 billion. The fresh injection of capital will go toward innovating and scaling its platform as it works to meet heightened demand and expand into new markets.

Continuing its momentum of growth, Druva is currently hiring for over 30 positions based out of its Sunnyvale HQ across roles in sales, product, marketing, engineering, customer success and more.

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