KUALA LUMPUR, June 21 (Bernama) -- Druva Inc, a leader in cloud data protection and management, announced a US$130 million investment led by Viking Global Investors, making the total capital raised to US$328 million (US$1 = RM4.15).
The investment will be used to fuel growth and global expansion, as well as drive new product innovations.
The round also involved new investors’ participation including certain funds advised by Neuberger Berman and Atreides Management, as well as existing investors including Riverwood Capital, Tenaya Capital and Nexus Venture Partners.
Druva’s founder and chief executive officer, Jaspreet Singh, said the funding would help the company to power data protection for the cloud era and accelerate its momentum to better serve the needs of enterprise customers.
The company’s success has been fueled by the rapid growth of enterprise cloud adoption, a massive proliferation in data, and an evolving regulatory landscape.
To date, over 4,000 enterprise customers have placed their trust in Druva, including 10 per cent of the Fortune 500 such as Flex, Hitachi, Live Nation, Marriott and Pfizer.
-- BERNAMA
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