Druva Inc., the leader in Cloud Data Protection and Management, has announced a $147 million investment as the company rapidly scales in response to accelerated demand for its platform.
The fundraise was led by Caisse de dépôt et placement du Québec (CDPQ), a global investment group, with a significant investment by Neuberger Berman, each of which manage more than $300 billion in net assets. The round, which raises the company’s valuation above $2 billion, also included participation from existing investors Viking Global Investors and Atreides Management.
As organizations quickly move workloads to cloud environments, adopt SaaS solutions, and combat rising cyber threats, this new investment will fuel continued expansion of Druva Cloud Platform to meet today’s unprecedented needs, and extend the company’s industry leadership as it defines tomorrow’s data protection.
With the ability to deliver faster time to value and help businesses manage, protect, and govern critical data during their digital transformation efforts, Druva Cloud Platform’s customer base has expanded substantially during 2020, while the adoption of multiple Druva Cloud Platform products has increased by 50 percent in the same time period. In the last year, the company’s data under management has grown by more than 40 percent as Druva supports industry leaders, disruptors, and pioneers including GameStop, Marriott, NASA, National Cancer Institute, Pfizer, Regeneron Pharmaceuticals, and Zoom.