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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).

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.

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