Total amount raised
$475 Millions
Latest funding date
Location
Druva has successfully raised significant funding across multiple rounds, with its latest being a Series H. The company offers a SaaS-based platform designed to protect and manage enterprise data across various environments.
Keep reading to explore the intricacies of Druva's fundraising journey and the investors backing this innovative platform.
What Is Druva?
Druva, founded in 2008 in Santa Clara, California, offers a SaaS-based platform for data protection and management. The company was established by Jaspreet Singh, Milind Borate, and Ramani Kothandaraman.
Specializing in cloud-based solutions, Druva provides services such as backup, disaster recovery, and data security across various environments, including endpoints, data centers, and cloud workloads.
With a workforce of 1001-5000 employees, Druva continues to innovate in the field of data resilience and management, ensuring enterprise data is secure and easily recoverable.
How Much Funding Has Druva Raised?
- Series A
- Amount Raised: $5M
- Date: April 2010
- Lead Investors: IAN Group, Peak XV Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and launch their initial SaaS-based data protection platform.
- Series B
- Amount Raised: $12M
- Date: August 2011
- Lead Investors: Nexus Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their market reach and enhance product features.
- Series C
- Amount Raised: $25M
- Date: October 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and support growing customer demand.
- Series D
- Amount Raised: $25M
- Date: August 2014
- Lead Investors: Peak XV Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product development and expand into new markets.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: July 2015
- Lead Investors: Orios Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing innovation and market expansion.
- Series E
- Amount Raised: $51M
- Date: September 2016
- Lead Investors: Peak XV Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance their cloud data protection solutions and expand their customer base.
- Series F
- Amount Raised: $80M
- Date: August 2017
- Lead Investors: Riverwood Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale their operations and invest in new technologies.
- Series G
- Amount Raised: $130M
- Date: June 2019
- Lead Investors: Viking Global Investors
- Valuation at Round: Around $1 billion
- Motivation Behind the Round: To tackle a large market with their SaaS backup service.
- Series H
- Amount Raised: $147M
- Date: April 2021
- Lead Investors: Caisse de dépôt et placement du Québec (CDPQ), Neuberger Berman
- Valuation at Round: Valuation north of $2 billion
- Motivation Behind the Round: To fuel continued innovation, scale, and expand routes to market for the Druva Cloud Platform.
Total amount raised: $475M. Current valuation: Valuation north of $2 billion.
Key Investors
- Caisse de dépôt et placement du Québec (CDPQ)
- Details: CDPQ is a global investment group managing funds for public retirement and insurance plans. They manage over $300 billion in net assets.
- Investment Focus Areas: Infrastructure, real estate, private equity, public equity.
- Notable Investments: Renewable energy projects, infrastructure projects, technology companies.
- Neuberger Berman
- Details: Neuberger Berman is an investment management firm managing over $300 billion in net assets. They focus on providing market perspectives and supporting long-term success in enterprise markets.
- Investment Focus Areas: Equities, fixed income, private equity, hedge funds.
- Notable Investments: Healthcare, technology, consumer goods.
- Viking Global Investors
- Details: Viking Global Investors is a global investment firm that focuses on public and private equity markets. They have a diverse portfolio with investments in various sectors.
- Investment Focus Areas: Technology, healthcare, consumer services.
- Notable Investments: Facebook, Alibaba, Netflix.
- Atreides Management
- Details: Atreides Management is an investment firm focusing on public and private equity investments. They are particularly active in the technology, media, and telecommunications sectors.
- Investment Focus Areas: Technology, media, telecommunications.
- Notable Investments: SpaceX, Robinhood, Epic Games.
- Peak XV Partners
- Details: Peak XV Partners is a venture capital firm that invests in early to growth-stage companies. They have a strong presence in the technology and healthcare sectors.
- Investment Focus Areas: Technology, healthcare, consumer services.
- Notable Investments: Flipkart, Byju's, Swiggy.
What's Next for Druva?
Druva stands at the cusp of significant growth opportunities, driven by the rapid adoption of cloud environments and SaaS solutions. The company is well-positioned to capitalize on the increasing demand for cloud-native data protection and management solutions, especially as traditional methods become obsolete. With a valuation north of $2 billion and a recent $147 million investment, Druva is poised to expand its market leadership and enhance its platform to meet the evolving needs of its clients.
Future fundraising opportunities appear promising, with potential for an IPO on the horizon. This could provide Druva with the capital needed to scale operations and invest in new technologies. However, the company will need to navigate challenges such as intense competition, rapid technological advancements, and stringent regulatory compliance. By addressing these hurdles, Druva can continue to innovate and maintain its edge in the cloud data protection market.
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