Druva, an Enterprise Data Back-up solutions provider and endpoint data governance pioneer, landed $25 million in Series D round from existing investors such as Sequoia Capital and Nexus Venture Partners.
Through endpoint data protection it prevents data loss for enterprises by collecting data from devices (phones, laptops, tablets, etc.) using their agents on these devices. These agents upload the data to the Druva’s cloud which helps restore the data in case of loss of device or data.
Competing with Druva in the data protection field are conventional protection providers such as EMC, HP and Symantec. However, “using [endpoint] data for relevant data centric problems is the direction we really want to head,” said Jasprett Singh, co-founder and CEO. Druva uses the Amazon Web Services public cloud; Singh says that 80 percent of Druva’s business is from its public cloud offering. The rest of the service is on companies’ own private clouds.
The company started in 2008 and now intends to invest the newly-found capital into expanding their outreach to markets in Asia and Europe, while building their workforce from 200 to 300 by the end of the year. Its customers include Nasa, PriceWaterhouseCoopers, Dell and Tesla to name a few.
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With access to a wealth of data Druva might viewing data protection as a point of entry for revenue derived from analytics services, like predecessors Facebook and Twitter in the past.
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(Image Credit: National Nuclear Security Administration)