Connect with us

Hi, what are you looking for?


Cybersecurity Funding

Acronis Raises $250 Million at $2.5 Billion Valuation

Cyber protection solutions provider Acronis on Tuesday announced that it has raised $250 million at a valuation of $2.5 billion.

Cyber protection solutions provider Acronis on Tuesday announced that it has raised $250 million at a valuation of $2.5 billion.

The funding, which brings the total raised by the company to more than $400 million, was led by CVC Capital Partners VII. Acronis announced achieving “unicorn” status in 2019 after raising $147 million.

The money raised in the latest funding round will be invested in sales, staff resources, R&D, and to expand its product portfolio and its partner network.

Acronis provides solutions for protecting data, applications and systems, including antivirus, disaster recovery, backup and endpoint management products.

Acronis says its products are used by more than 5.5 million home users and over half a million companies, including all Fortune 1000 firms. The company has more than 1,600 employees across 18 countries.

“With this additional funding, we will accelerate the development of our product portfolio and invest more in our partners’ success,” said Serguei ‘SB’ Beloussov, founder and CEO of Acronis. “Our goal is to develop market-leading technology and help our partners grow their profits, while providing the best protection for their clients.”

Cybersecurity companies whose value exceeds $1 billion have become commonplace in the past year, but there have also been several firms valued at more than $2 billion. The list includes Snyk ($4.7 billion), SentinelOne ($3 billion), Druva ($2 billion), Armis ($2 billion), Netskope ($3 billion), and OneTrust ($2.7 billion).

Advertisement. Scroll to continue reading.

Related: Cybersecurity VC Funding Hit Record in 2020 With $7.8 Billion Invested

Related: Acronis Patches Privilege Escalation Flaws in Backup, Security Solutions

Related: Acronis Worth Over $1 Billion After Raising $147 Million

Written By

Eduard Kovacs (@EduardKovacs) is a contributing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.

Click to comment

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

SecurityWeek’s Threat Detection and Incident Response Summit brings together security practitioners from around the world to share war stories on breaches, APT attacks and threat intelligence.


Securityweek’s CISO Forum will address issues and challenges that are top of mind for today’s security leaders and what the future looks like as chief defenders of the enterprise.


Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Data Protection

The cryptopocalypse is the point at which quantum computing becomes powerful enough to use Shor’s algorithm to crack PKI encryption.

Artificial Intelligence

The CRYSTALS-Kyber public-key encryption and key encapsulation mechanism recommended by NIST for post-quantum cryptography has been broken using AI combined with side channel attacks.

Cybersecurity Funding

SecurityWeek investigates how political/economic conditions will affect venture capital funding for cybersecurity firms during 2023.

CISO Strategy

SecurityWeek spoke with more than 300 cybersecurity experts to see what is bubbling beneath the surface, and examine how those evolving threats will present...

Management & Strategy

SecurityWeek examines how a layoff-induced influx of experienced professionals into the job seeker market is affecting or might affect, the skills gap and recruitment...


Forty cybersecurity-related M&A deals were announced in January 2023.


Thirty-five cybersecurity-related M&A deals were announced in February 2023