Druva

Social housing business has migrated to Microsoft Office 365 on Azure, but needed long-term data retention to comply with General Data Protection Regulation

Druva, a software company that sells cloud data backup services, announced today that it has closed a $147 million round of capital. Caisse de dépôt et placement du Québec (CDPQ), a group that manages Quebec's pension fund, led the round, which also saw participation from Neuberger Berman. Prior investors including Atreides Management and Viking Global [...]

Read more about Data protection startup Druva crosses $100 mn in annual recurring revenue on Business Standard. This June, the company had raised $130 million to become a 'unicorn'

As businesses continue to move more of their computing and data to the cloud, one of the startups that has made a name for itself as a provider of cloud-based solutions to protect and manage those IT assets has raised a big round of funding to build its business. Druva, which provides software-as-a-service-based data protection, [...]