Druva raises $147 million to extend its market leadership
Bengaluru, 19 April
Druva Inc, the leader in Cloud Data Protection and Management, has announced a $147 million fundraise as the company rapidly scales in response to accelerated demand for its platform. The fundraise was led by Caisse de dépôt et placement du Québec (CDPQ), a global investment group, with a significant investment by Neuberger Berman, each of which manage more than $300 billion in net assets.
The round, which raises the company’s valuation above $2 billion, also included participation from existing investors Viking Global Investors and Atreides Management. Druva is a privately held company headquartered in Sunnyvale, California with its R&D facility in Pune. It is funded by Sequoia Capital, Viking Global Investors, CDPQ, Neuberger Berman, Tenaya Capital, Riverwood Capital and Nexus Partners. The company has raised $475 million since its inception in 2008.
Druva Secures $147 Million Investment to Extend Market Leadership
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Druva Secures $147M in Funding
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The ransomware attackers aren’t just after your data. They want your data backup too. Organizations need to be prepared because the technologies around these attacks are getting more sophisticated, said Brandon McCoy, Senior System Engineer with Veeam at a recent ITWC briefing.
“The goal is to get organizations to pay out,” said McCoy. “The criminals will encrypt your data and delete the backup to make that happen. We’re seeing this more often now.”
It’s important to take a holistic and multi-layered approach to data protection, said Dale Levesque, Director, Cloud Data Protection and Recovery at iland. “It’s about business outcomes,” he said. “Organizations should look at acceptable downtime and how that fits with their business continuity and financial requirements. If you lose all your data, how much will that cost you?”
1. Decide who will lead your cloud migration
Cloud migration is definitely one of those occasions where too many cooks in the kitchen can cause major problems. You need to have one person in charge of the project and then a team helping them out. Allowing one person to handle decision-making keeps the process moving and prevents long, drawn-out discussions that can severely delay the project.
The leader of your cloud migration project can be an internal hire or an outside consultant. You’ll want to pick someone decisive and detail-oriented who can keep their team motivated and on track. For some companies, this might be a cloud migration specialist from a third-party vendor working with an internal IT team. Others may use a completely internal team led by a project manager with experience in cloud capabilities, and some businesses may even outsource the migration completely. The rest of your team should also be carefully picked to ensure a smooth transition.