Chennai & US-based SysCloud that provides data backup and security for enterprises using Google Apps, has raised $2.5 million series A funding from Inventus Capital Partners and existing investor KAE Capital.
SysCloud CEO Vijay Krishna mentions that the new round of funding will be used to expand to other cloud-based collaboration tools including Microsoft Office 365, Salesforce, Dropbox and Box. It also plans to use this investment to expand its sales and marketing efforts and scale up its operations.
Founded in 2010, SysCloud allows companies to create policies to protect personal identifiable information, automatically enforce Google Drive’s security policies to protect against exposure of sensitive data and get insights into how data is shared within the organization and to the public.
The company offers this service through various bundles starting at $0.7 per user per month and going up to $2.5 per user per month. It also has a full enterprise bundle priced at $695 per terabyte per month.
SysCloud also provides an automated Google Apps migration tool that helps businesses and educational institutions to migrate to Google Apps from Microsoft Exchange, Outlook, Yahoo, GoDaddy or any IMAP compatible platform. The company claims to have more than half a million customers across enterprises and educational institutions which use Google Apps.
Other players inclde CloudLock and Backupify which already provide similar services. CloudLock and Backupify already have modules for Salesforce. Backupify also provides services to save posts on Twitter & Facebook for enterprises and has Box integration.
As TechCrunch points out, the firm would also probably face competition from vendors it supports, who might launch similar services over time for enterprises. For instance, Google Apps already offers security and auditing features for its enterprise customers. This is where having a cross-vendor support would help, which the company seems to addressing with this investment.