Druva raises Rs 51 mn from Sequoia India, EDBI, others

By: | Published: September 29, 2016 6:28 AM

Druva, a cloud data protection and information management company, has raised $51 million in fresh round of funding led by existing investor Sequoia India, along with new investors.

Druva, a cloud data protection and information management company, has raised $51 million in fresh round of funding led by existing investor Sequoia India, along with new investors – Singapore-based EDBI, as well as Blue Cloud Ventures and Hercules Capital.

This fresh round also includes contributions from other existing investors including NTT Finance, Nexus Venture Partners and Tenaya Capital. The new funding brings Druva’s total capital raised to $118 million. According to Druva, the capital will be used to accelerate both product innovation and adoption, all while enhancing product capabilities across its secure cloud platform. In addition, the capital will be used to further drive sales and marketing, and continue the company’s global expansion.

Jaspreet Singh, founder and CEO, Druva said, “We are at an inflection point. This new capital enables us to continue to serve customers through notable innovations, partnerships and additional global expansion.”

Founded in 2008, Druva has presence globally including in Pune, India. Over the last two years, Druva increased its global presence, growing to over 400 employees and expanding direct presence, launching subsidiaries in both Japan and Germany.

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