Druva Raises $147M in Series G
Druva has successfully raised $147M in a Series G at a $2B valuation led by Viking Global Investors.
Company Overview
Druva is a Data Protection company headquartered in Sunnyvale, CA, founded in 2008 with 1000+ employees.
Cloud data protection platform
Fundraising Details
- Amount Raised: $147M
- Round Type: Series G
- Valuation: $2B
- Date: 2024-09-01
- Investors: Viking Global Investors
About Druva
Cloud data protection platform The company is positioned in the Data Protection sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: Sunnyvale, CA
- Founded: 2008
- Team Size: 1000+
- Industry: Data Protection
What This Means
This funding round demonstrates strong investor confidence in Druva'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 Data Protection sector continues to attract significant investment as companies innovate to meet evolving market demands. Druva's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $2B valuation marks an important milestone for Druva, positioning the company among notable players in the Data Protection industry.
Looking Ahead
With this new capital, Druva is well-positioned to execute on its growth strategy and continue building innovative solutions in the Data Protection 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 2024-09-01. For more information about Druva, visit their headquarters at Sunnyvale, CA.
