Data protection startup Druva raised $25 million in a Series D round of funding from existing investors Sequoia Capital, Tenaya Capital and Nexus Venture Partners. The startup will use the funds for new product enhancements, to diversify its product portfolio and further expand into international markets.
The same investors had previously invested $25 million in Druva, October last year. With this investment, Druva will have raised a total of $67 million since 2010.
Druva offers data protection services for enterprises with its core product inSync. inSync uploads data from employee phones, tablets, laptops and other devices to its cloud servers. This provides a redundancy in case the said device is lost.
Jaspreet Singh, the CEO of Druva said the company will be looking to go beyond data protection by leveraging the already collected inSync data. For example, Druva recently started working with eDiscovery vendors like AccessData and Recommind to help remove content involved in lawsuits from devices backed-up using inSync.
The startup currently includes Dell, Hitachi, Kronos, Pfizer, Reckitt Benkhiser, Shire and RHI etc. as its clients. Overall the company claims to have an enterprise customer base of over 3000 companies in 76 countries with 2.8 million devices covered.
Druva was founded in 2008 and is headquartered in the Silicon Valley. It currently employs over 200 employees and is looking to have over 300 by the end of the year.