Druva
Software company From Wikipedia, the free encyclopedia
Software company From Wikipedia, the free encyclopedia
Druva Inc. is a 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.
 | This article contains content that is written like an advertisement. (July 2024) |
| |
| Company type | Private |
|---|---|
| Industry | |
| Founded | 2008 |
| Founders | Jaspreet Singh, Milind Borate, Ramani Kothandaraman |
| Headquarters | |
Key people | Jaspreet Singh (CEO) Milind Borate (CTO) |
| Products |
|
| Revenue |  $100.2 Million(2019)[1] |
Number of employees | 1,000+[2] (2022) |
| Website | www |
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]
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]
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