Security Experts:

Connect with us

Hi, what are you looking for?


Cloud Security

Cloud Data Protection Firm Druva Raises $130 Million

Cloud data protection and management provider Druva on Thursday announced $130 million in new funding, which brings the total raised by the company to date to $328 million. 

Cloud data protection and management provider Druva on Thursday announced $130 million in new funding, which brings the total raised by the company to date to $328 million. 

The Sunnyvale, California-based cybersecurity firm has been cashing in on the rapid growth of enterprise cloud adoption, proliferation in data, an evolving regulatory landscape, and an expanded data protection industry.

Druva offers an Amazon Web Services (AWS)-based platform as a service, aiming to help customers cut down costs by eliminating unnecessary hardware, capacity planning, and software management. 

The company’s SaaS solution delivers all-in-one backup, disaster recovery, archival and analytics capabilities that can be deployed with a single click. It also aims to provide customers with 360-degree visibility and control across all environments. 

The company, which provides services to more than 4,000 companies, plans to use the new funds to support global growth drive product innovation.

The new funding round was led by Viking Global Investors and included participation from new investors, such as certain funds advised by Neuberger Berman and Atreides Management, and existing investors, including Riverwood Capital, Tenaya Capital, and Nexus Venture Partners. 

“Druva is disrupting the way enterprises protect and leverage their data with a modern, cloud-native SaaS platform. Today’s funding will help Druva to power data protection for the cloud era, and accelerate our momentum to better serve the needs of enterprise customers,” Jaspreet Singh, Founder and CEO, Druva, said. 

Related: Cloud Security Firm Valtix Emerges From Stealth With $14 Million in Funding

Related: Guardicore Raises $60 Million in Series C Funding

Related: Proxy Emerges From Stealth with $13.6 Million in Funding

Written By

Ionut Arghire is an international correspondent for SecurityWeek.

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.

Join this webinar to learn best practices that organizations can use to improve both their resilience to new threats and their response times to incidents.


Join this live webinar as we explore the potential security threats that can arise when third parties are granted access to a sensitive data or systems.


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 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.

Data Protection

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

Cybersecurity Funding

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

Cloud Security

Microsoft and Proofpoint are warning organizations that use cloud services about a recent consent phishing attack that abused Microsoft’s ‘verified publisher’ status.


More than 450 cybersecurity-related mergers and acquisitions were announced in 2022, according to an analysis conducted by SecurityWeek

Cloud Security

VMware vRealize Log Insight vulnerability allows an unauthenticated attacker to take full control of a target system.


Twenty-one cybersecurity-related M&A deals were announced in December 2022.