Commvault Raises $250M in Growth
Commvault has successfully raised $250M in a Growth at a $3B valuation led by Various institutional investors.
Company Overview
Commvault is a Enterprise Software company headquartered in Tinton Falls, NJ, founded in 1996 with 3000+ employees.
Data protection and information management
Fundraising Details
- Amount Raised: $250M
- Round Type: Growth
- Valuation: $3B
- Date: 2015-06-15
- Investors: Various institutional investors
About Commvault
Data protection and information management The company is positioned in the Enterprise Software sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: Tinton Falls, NJ
- Founded: 1996
- Team Size: 3000+
- Industry: Enterprise Software
What This Means
This funding round demonstrates strong investor confidence in Commvault's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Enterprise Software sector continues to attract significant investment as companies innovate to meet evolving market demands. Commvault's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $3B valuation marks an important milestone for Commvault, positioning the company among notable players in the Enterprise Software industry.
Looking Ahead
With this new capital, Commvault is well-positioned to execute on its growth strategy and continue building innovative solutions in the Enterprise Software space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2015-06-15. For more information about Commvault, visit their headquarters at Tinton Falls, NJ.
