Setting the pace for cloud data protection

Building on the company’s announcement this summer it had secured an additional $130 million in late-stage funding, this latest milestone is a testament to the growing demand for a new approach, free of legacy hardware, to protect data no matter the type or source, in a centralised and secure manner.

As enterprises undertake digital transformation initiatives, the cloud is increasingly seen as a way to drive innovation, enhance the customer experience, power collaboration, and ensure compliance. The shift to cloud as the de-facto environment for business will only accelerate in the years to come, and according to Gartner, 80% of enterprises will migrate entirely away and close their on-premises data centres by 2025. Built entirely on Amazon Web Services (AWS), Druva is helping companies successfully enter the cloud era through radically simple data protection and management.

Druva’s cloud data protection platform is designed to empower customers to realise the full value of their data while reducing the oversight required through a radically simple user experience. The SaaS delivery model changes the data protection game by making adoption and deployment incredibly, at a fraction of the cost of ageing, investment-heavy on-premises alternatives.

The company’s growth is driven by rapid enterprise adoption across multiple data protection use cases. Today, more than 600 customers rely on Druva to protect data centre workloads, a number that has grown by 70% in a year. Over 800 customers are protecting their cloud workloads (SaaS applications and AWS workloads), a number that has almost doubled in the last 18 months. Druva now serves more than ten percent of the Fortune 500, including companies like such as Flex, Hitachi, Live Nation, Marriott, and Pfizer.

“There is only one technology capable of keeping pace with today’s demands for rapid innovation, on-demand scalability, robust security and sheer compute power - cloud,” said Jaspreet Singh, Founder and CEO, Druva. “Customers trust us to help them successfully transform their businesses through the cloud, and with our depth of workload coverage, and seamless platform, they can immediately experience substantial cost savings, continuous innovations, and enhanced security every day. As others introduce solutions in the category we have pioneered, Druva is accelerating growth, expanding data protection capabilities and cementing ourselves as the clear category leader.”

“Our decision to partner with Druva was in part driven by the company’s strong vision, and what we saw as a promising road to scalability,” said Tom Banahan, Managing Director, Tenaya Capital. “The company's growth and major milestones crossed this year have only further validated the potential we saw in Druva. The future of business is in the cloud, and Druva is ideally situated, ready to help businesses cross that chasm with a comprehensive and mature platform. We are incredibly excited about Druva’s future and look forward to supporting them on this journey.”

“The data protection space has quickly become an incredibly crowded markets, especially as cloud-based solutions continue to enter the market,” said Phil Goodwin, Research Director, IDC. “Druva’s strong momentum this year through product maturation, technology research and corporate expansion has positioned the company incredibly well for long term success in the market. As more businesses look for one solution to meet all their data protection needs across cloud, data centre and endpoint workloads, Druva will be a strong competitor given its size, scale and offerings.”