Druva

Short description: Software company

Druva Inc.

Type| Private
Industry|

* Cloud computing
* Backup

Founded| 2008
Founders| Jaspreet Singh, Milind Borate, Ramani Kothandaraman
Headquarters|

Santa Clara, California , United States

Key people

| Jaspreet Singh (CEO)
Milind Borate (CTO)
Products|

* Druva Phoenix
* Druva inSync
* Druva CloudRanger

Revenue|  $100.2 Million(2019)[1]

Number of employees

| 1,000+[2] (2022)
Website| www.druva.com

Druva Inc. is a privately-held software company based in Santa Clara, California . The company provides SaaS-based data protection and management products.[3] The company was founded in 2008, raised several rounds of funding, and grew to more than 800 employees.

## Contents

* 1 History
* 2 Products
* 3 References
* 4 External links

## History

In 2008, Jaspreet Singh (CEO), Milind Borate (CTO), and Ramani Kothandaraman, who met working together at Veritas Software,[4] founded Druva in Pune, India.[5][6] In Sanskrit, "druva" translates to "North Star".[7] Initially, Druva focused on providing data management software to financial companies before shifting to general enterprise data management.[5]

In 2010, the company received Series A funding.[4] In 2011, the company added smartphone support for its inSync app[8] and received Series B funding.[9] The next year, the company moved its headquarters to Silicon Valley, and again shifted focus to cloud-based data management and protection.[5] By 2013, the company had grown 194 employees. The company raised Series C funding the same year.[10]

In 2014, Druva released its Phoenix server backup product[11] and received Series D funding.[12] By 2016, the company had grown to 400 employees,[13] and set up a subsidiary in Japan and an office in Tokyo.[7] Druva received more funding[14] and FedRAMP authority to operate in 2017.[15][16] In 2019, Druva grew to 750 employees and more than 4,000 customers, and opened an office in Singapore.[5] The company also received additional late-stage funding,[3] which brought its total amount invested to $328 million and its total valuation to more than $1 billion.[17]

In 2018, Druva acquired Letterkenny-based CloudRanger, a back-up and disaster recovery company.[18] In 2019, Druva acquired CloudLanes to supplement its on-premises to cloud performance.[19][20] The following year it acquired sfApex, a Texas based backup and migration company focused on Salesforce data.[21] In April 2021, Druva raised $147 million in its eighth funding round, valuing the company at about $2 billion.[22][23]

## Products

Druva creates and sells data protection and management products.

All of Druva's products operate on same cloud-native backup platform built on Amazon Web Services that provides a centralized backup repository.[24][25]

Druva is focused on storing data in backups and managing those backups for servers, Software-as-a-Service applications, and cloud-based software.[26] For example, in 2018 it introduced features that restore computer systems compromised by ransomware and specialized technology for backups of SQL servers, Azure directories, and network-attached storage.[26]

## References

1. ↑ "Druva Sets the Pace for Cloud Data Protection, Surpassing $100 Million in Annual Recurring Revenue". https://www.druva.com/about/press-releases/druva-sets-the-pace-for-cloud-data-protection-surpassing-100-million-in-annual-recurring-revenue/#:~:text=SUNNYVALE, Calif.,company's continuous, hyper-growth..
2. ↑ Druva Fact Sheet, Druva, https://www.druva.com/assets/Corporate-Fact-Sheet.pdf
3. ↑ 3.0 3.1 Novinson, Michael (20 June 2019). "Data Protection Vendor Druva Raises $130M In Push Toward IPO". CRN. https://www.crn.com/news/security/data-protection-vendor-druva-raises-130m-in-push-toward-ipo.
4. ↑ 4.0 4.1 Ganguly, Payal (11 July 2019). "From Pune to Sunnyvale: The Druva template for building a global SaaS leader". TechCircle. https://www.techcircle.in/2019/07/11/from-pune-to-sunnyvale-the-druva-template-for-building-a-global-saas-leader.
5. ↑ 5.0 5.1 5.2 5.3 Schubarth, Cromwell (19 November 2019). "Third time's the charm for data management and protection unicorn". Silicon Valley Business Journal. https://www.bizjournals.com/sanjose/news/2019/11/19/third-times-the-charm-for-data-management-and.html.
6. ↑ Sangani, Priyanka (21 June 2019). "$130m funding brings unicorn tag to Druva". The Economic Times. https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/130m-funding-brings-unicorn-tag-to-druva/articleshow/69883829.cms.
7. ↑ 7.0 7.1 Mellor, Chris (21 April 2016). "Druva fills luggage with cash, heads to Japan". The Register. https://www.theregister.co.uk/2016/04/21/druva_gets_cash_bags_refilled/.
8. ↑ Mearian, Lucas (10 February 2011). "Druva goes live with inSync backup app for enterprises". Computerworld. https://www.computerworld.com/article/2512999/druva-goes-live-with-insync-backup-app-for-enterprises.html.
9. ↑ Paul, Binu (20 June 2019). "Sequoia-backed SaaS firm Druva enters unicorn club with $130mn funding round". TechCircle. https://www.techcircle.in/2019/06/20/sequoia-backed-saas-firm-druva-enters-unicorn-club-with-130-mn-funding-round.
10. ↑ "Druva Raises $25M For Backup And File Sharing Platform". TechCrunch. 15 October 2013. https://techcrunch.com/2013/10/15/druva-raises-25m-for-backup-and-file-sharing-platform/.
11. ↑ Vaughan-Nichols, Steven J. (10 October 2014). "Druva Phoenix: Not your usual cloud backup services". ZDNet. https://www.zdnet.com/article/druva-phoenix-not-your-usual-cloud-backup-services/.
12. ↑ Miller, Ron (6 August 2014). "Druva Lands $25M In Series D Funding To Expand Mobile Data Protection Strategy". TechCrunch. https://techcrunch.com/2014/08/06/druva-lands-25m-in-series-d-funding-to-expand-cloud-data-protection-strategy/.
13. ↑ "Taking Front Seat In India's Exploding Money-Making Cloud". https://data-economy.com/taking-front-seat-in-indias-exploding-money-making-cloud/.
14. ↑ Mellor, Chris (22 August 2017). "End-point backupper Druva stuffs sack with another $80m in VC cash". The Register. https://www.theregister.co.uk/2017/08/22/druva_funds/.
15. ↑ Adams, Ramona (3 November 2017). "Druva Obtains FedRAMP Authorization for Data Mgmt-as-a-Service Offering". ExecutiveBiz. https://blog.executivebiz.com/2017/11/druva-obtains-fedramp-authorization-for-data-mgmt-as-a-service-offering/.
16. ↑ Trumbull, Ty (7 December 2017). "Druva Cloud Data Protection Service Gains Momentum". ChannelE2E. https://www.channele2e.com/news/druva-cloud-data-protection-service-gains-momentum/.
17. ↑ Cooper, Laura (20 June 2019). "Viking-Led Funding Round Elevates Druva to Unicorn Status". The Wall Street Journal. https://www.wsj.com/articles/viking-led-funding-round-elevates-druva-to-unicorn-status-11561028403.
18. ↑ Taylor, Charlie (5 June 2018). "Letterkenny-based tech start-up snapped up by Silicon Valley company". The Irish Times. https://www.irishtimes.com/business/technology/letterkenny-based-tech-start-up-snapped-up-by-silicon-valley-company-1.3520154.
19. ↑ Wheatley, Mike (16 July 2019). "Druva acquires CloudLanes to bring cloud-native data protection to the edge". https://siliconangle.com/2019/07/16/druva-acquires-cloudlanes-bring-cloud-native-data-protection-edge/.
20. ↑ Lunden, Ingrid (20 June 2019). "SaaS data protection provider Druva nabs $130M, now at a $1B+ valuation, acquiring CloudLanes". TechCrunch. https://techcrunch.com/2019/06/20/saas-data-protection-provider-druva-nabs-130m-now-at-a-1b-valuation-acquires-cloudlanes/.
21. ↑ Soni, Sandeep (18 November 2020). "SaaS unicorn Druva acquires US-based Salesforce cloud backup firm sfApex to ramp up data protection". Financial Express.
22. ↑ Kovar, Joseph F. (19 April 2021). "Druva Hits $2B Valuation With New $147M Funding". https://www.crn.com/news/storage/druva-hits-2b-valuation-with-new-147m-funding.
23. ↑ "SaaS startup Druva gets $147 million funding at $2 billion valuation". 19 April 2021. https://economictimes.indiatimes.com/tech/funding/saas-startup-druva-gets-147-million-funding-at-2-billion-valuation/articleshow/82145918.cms.
24. ↑ Aggarwal, Varun (20 June 2019). "Cloud start-up Druva in Unicorn club as $130 mn funding takes its valuation past $1 bn". The Hindu BusinessLine. https://www.thehindubusinessline.com/info-tech/cloud-start-up-druva-in-unicorn-club-as-130-mn-funding-takes-its-valuation-past-1-bn/article28086670.ece.
25. ↑ Mellor, Chris (13 November 2017). "Back up bod Druva paddles even further up the Amazon". The Register. https://www.theregister.co.uk/2017/11/13/druva_amazon/.
26. ↑ 26.0 26.1 Rao, Santhosh; Simpson, Nik; Hoeck, Michael; Rozeman, Jerry (July 19, 2021). "Magic Quadrant for Enterprise Backup and Recovery Software Solutions". p. 9.

## External links

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