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Druva Inc.
Company typePrivate
Industry
Founded2008
FoundersJaspreet Singh, Milind Borate, Ramani Kothandaraman
Headquarters
Santa Clara, California, United States
Key people
Jaspreet Singh (CEO)
Milind Borate (CTO)
Products
  • Druva Phoenix
  • Druva inSync
  • Druva CloudRanger
RevenueIncrease $100.2 Million(2019)[1]
Number of employees
1,000+[2] (2022)
Websitewww.druva.com

Druva Inc. is an American privately held software company. The company provides SaaS-based data protection and management products.[3] The company was founded in 2008, raised several rounds of funding, and grew to more than 800 employees.

History

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In 2008, Jaspreet Singh (CEO), Milind Borate (CTO), and Ramani Kothandaraman, who met working together at Veritas Software,[4] founded Druva in Pune, India.[5][6] The company's name is derived from Sanskrit word, "Dhruva" which translates to "Pole Star".[7] Initially, Druva focused on providing data management software to financial companies before shifting to general enterprise data management.[5]

In 2010, the company received Series A funding.[4] In 2011, the company added smartphone support for its Insync app[8] and received Series B funding.[9] The next year, the company moved its headquarters to Silicon Valley, and again shifted focus to cloud-based data management and protection.[5] By 2013, the company had grown to 194 employees. The company raised Series C funding the same year.[10]

In 2014, Druva released its Phoenix server backup product[11] and received Series D funding.[12] By 2016, the company had grown to 400 employees,[13] and set up a subsidiary in Japan and an office in Tokyo.[7] Druva received more funding[14] and FedRAMP authority to operate in 2017.[15][16] In 2019, Druva grew to 750 employees and more than 4,000 customers, and opened an office in Singapore.[5] The company also received additional late-stage funding,[3] which brought its total amount invested to $328 million and its total valuation to more than $1 billion.[17]

In 2018, Druva acquired Letterkenny-based CloudRanger, a backup and disaster recovery company.[18] In 2019, Druva acquired CloudLanes to supplement its on-premises to cloud performance.[19][20] The following year it acquired sfApex, a Texas based backup and migration company focused on Salesforce data.[21] In April 2021, Druva raised $147 million in its eighth funding round, valuing the company at about $2 billion.[22][23]

Products

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Druva creates and sells data protection and management products.

All of Druva's products operate on same cloud-native backup platform built on Amazon Web Services that provides a centralized backup repository.[24][25]

Druva is focused on storing data in backups and managing those backups for servers, Software-as-a-Service applications, and cloud-based software.[26] For example, in 2018 it introduced features that restore computer systems compromised by ransomware and specialized technology for backups of SQL servers, Azure directories, and network-attached storage.[26]

References

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  1. ^ "Druva Sets the Pace for Cloud Data Protection, Surpassing $100 Million in Annual Recurring Revenue".
  2. ^ Druva Fact Sheet (PDF), Druva
  3. ^ a b Novinson, Michael (20 June 2019). "Data Protection Vendor Druva Raises $130M In Push Toward IPO". CRN. Retrieved 21 November 2019.
  4. ^ a b Ganguly, Payal (11 July 2019). "From Pune to Sunnyvale: The Druva template for building a global SaaS leader". TechCircle. Retrieved 23 November 2019.
  5. ^ a b c d Schubarth, Cromwell (19 November 2019). "Third time's the charm for data management and protection unicorn". Silicon Valley Business Journal. Retrieved 21 November 2019.
  6. ^ Sangani, Priyanka (21 June 2019). "$130m funding brings unicorn tag to Druva". The Economic Times. Retrieved 21 November 2019.
  7. ^ a b Mellor, Chris (21 April 2016). "Druva fills luggage with cash, heads to Japan". The Register. Retrieved 21 November 2019.
  8. ^ Mearian, Lucas (10 February 2011). "Druva goes live with inSync backup app for enterprises". Computerworld. Retrieved 23 November 2019.
  9. ^ Paul, Binu (20 June 2019). "Sequoia-backed SaaS firm Druva enters unicorn club with $130mn funding round". TechCircle. Retrieved 23 November 2019.
  10. ^ "Druva Raises $25M For Backup And File Sharing Platform". TechCrunch. 15 October 2013. Retrieved 23 November 2019.
  11. ^ Vaughan-Nichols, Steven J. (10 October 2014). "Druva Phoenix: Not your usual cloud backup services". ZDNet. Retrieved 23 November 2019.
  12. ^ Miller, Ron (6 August 2014). "Druva Lands $25M In Series D Funding To Expand Mobile Data Protection Strategy". TechCrunch. Retrieved 23 November 2019.
  13. ^ "Taking Front Seat In India's Exploding Money-Making Cloud". dataeconomy.com. Retrieved 20 February 2019.[permanent dead link‍]
  14. ^ Mellor, Chris (22 August 2017). "End-point backupper Druva stuffs sack with another $80m in VC cash". The Register. Retrieved 21 November 2019.
  15. ^ Adams, Ramona (3 November 2017). "Druva Obtains FedRAMP Authorization for Data Mgmt-as-a-Service Offering". ExecutiveBiz. Retrieved 23 November 2019.
  16. ^ Trumbull, Ty (7 December 2017). "Druva Cloud Data Protection Service Gains Momentum". ChannelE2E. Retrieved 23 November 2019.
  17. ^ Cooper, Laura (20 June 2019). "Viking-Led Funding Round Elevates Druva to Unicorn Status". The Wall Street Journal. Retrieved 23 November 2019.
  18. ^ Taylor, Charlie (5 June 2018). "Letterkenny-based tech start-up snapped up by Silicon Valley company". The Irish Times. Retrieved 21 November 2019.
  19. ^ Wheatley, Mike (16 July 2019). "Druva acquires CloudLanes to bring cloud-native data protection to the edge". SiliconAngle. Retrieved 26 July 2019.
  20. ^ Lunden, Ingrid (20 June 2019). "SaaS data protection provider Druva nabs $130M, now at a $1B+ valuation, acquiring CloudLanes". TechCrunch. Retrieved 21 November 2019.
  21. ^ Soni, Sandeep (18 November 2020). "SaaS unicorn Druva acquires US-based Salesforce cloud backup firm sfApex to ramp up data protection". Financial Express.
  22. ^ Kovar, Joseph F. (19 April 2021). "Druva Hits $2B Valuation With New $147M Funding". CRN. Retrieved 17 August 2021.
  23. ^ "SaaS startup Druva gets $147 million funding at $2 billion valuation". The Economic Times. 19 April 2021. Retrieved 17 August 2021.
  24. ^ Aggarwal, Varun (20 June 2019). "Cloud start-up Druva in Unicorn club as $130 mn funding takes its valuation past $1 bn". The Hindu BusinessLine. Retrieved 21 November 2019.
  25. ^ Mellor, Chris (13 November 2017). "Back up bod Druva paddles even further up the Amazon". The Register. Retrieved 21 November 2019.
  26. ^ a b Rao, Santhosh; Simpson, Nik; Hoeck, Michael; Rozeman, Jerry (19 July 2021). "Magic Quadrant for Enterprise Backup and Recovery Software Solutions". p. 9.
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