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2014-08-08

Data security solutions provider Druva raises $25 m from Sequoia and others

Data security solutions provider Druva has completed $25 million in Series D funding from Sequoia Capital, Nexus Venture Partners and Tenaya Capital, the company in a statement.

Data security solutions provider Druva has completed $25 million in Series D funding from Sequoia Capital, Nexus Venture Partners and Tenaya Capital, the company in a statement. 
 

The firm will utilise the funds for research and development of its product portfolio and expansion in global markets. 

 

The Series D funding will underwrite R&D for new inSync enhancements, diversification of the Druva product portfolio, and further expansion into global markets, the statement said. 

 

The Sequoia-led round comes 10 months after $25 million Series C instalment from the same investors, bringing the total venture capital investment in Druva since 2010 to $67 million, it added. 
 

Since the last round in October 2013, Druva's enterprise customer base has increased from 2,100 to 3,000 with 2.8 million devices in 76 countries now under protection. 
 

New customers gained during the period included Dell, HitachiBSE -1.99 %, Kronos, Pfizer, Reckitt Benckiser, RHI and Shire drawn by its solution inSync's integration of automated endpoint backup, data loss prevention, IT-managed file sharing and data governance tools, the firm said.

 

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