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Industry
Data Processing & Outsourced Services
Funding
Late-stage
Team size
1000
Revenue
$100M - $250M
Druva has raised $475 million over 10 funding rounds, indicating robust investor confidence and strong support for its growth strategy. The funding has been deployed to enhance product development and expand market reach. Investors see significant potential in Druva’s cloud-native data protection solutions, and the consistent funding rounds underscore its position as a trusted player in the data security market. Key investors include Atreides Management, Viking Global Investors, Hercules Capital, and EDBI, among others. These investors bring not only capital but also strategic insights and valuable industry networks to the company. The diverse investment coalition reflects a strong belief in the scalability of Druva's business model, enabling the firm to prioritize innovation and rapid market expansion. This strategic alignment bolsters its competitive positioning in a vigorous market. Investment capital is being utilized to bolster product enhancements and expand the company’s geographic footprint. The latest funding round in April 2021 accelerated expansion plans and market penetration. Strategic advisory from experienced board members aids in refining business strategies and operational efficiency. This well-capitalized approach helps Druva mitigate market risks and remain competitive in the ever-evolving data protection landscape.
Druva offers cloud-native data protection solutions that provide comprehensive backup, recovery, and data management across hybrid environments. Its platform is designed to streamline data security, ensure compliance, and enhance operational efficiency for enterprise customers.
Druva operates on a hybrid revenue model that leverages subscription-based pricing combined with consumption-based fees and professional services. The company employs a product-led growth strategy with free trial offerings to drive customer adoption and upsell premium solutions.
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