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Cloud Data Protection Firm OwnBackup Raises $23 Million

Fort Lee, New Jersey-based cloud data protection company OwnBackup on Thursday announced that it raised $23.25 million in a Series C funding round.

Fort Lee, New Jersey-based cloud data protection company OwnBackup on Thursday announced that it raised $23.25 million in a Series C funding round.

The latest funding, which brings the total raised by the firm to nearly $50 million, was led by Insight Venture Partners and Vertex Ventures, with participation from existing investors Innovation Endeavors, Oryzn Capital and Salesforce Ventures.

OwnBackup says it will use the investment to build on its momentum in the Salesforce ecosystem, expand its product offering, double its engineering and European teams, and expand its partner network.

The company provides secure and automated daily backups for Saas and PaaS data, along with advanced comparison and restoration tools designed for disaster recovery. OwnBackup solutions cover data loss and data corruption incidents caused by malicious intent, human error, rogue applications, and integration errors. The firm says its services are used by over 1,000 businesses worldwide.

Along with the latest funding, OwnBackup announced on Thursday the general availability of OwnBackup Archiver, an archiving tool designed to address regulatory compliance needs.

The company also announced the expansion of its international leadership team. Gareth Morris has been appointed VP of Sales for EMEA, and Nikitas Koutoupes of Insight Venture Partners, Harpinder Singh of Innovation Endeavors, and Bob DeSantis of Conga have joined its board of directors.

Related: Digital Guardian Announces $30 Million Financing Round

Related: Data Protection Firm Cognigo Raises $8.5 Million

Related: ALTR Emerges From Stealth With Blockchain-Based Data Security Solution

Related: Data Protection Firm BigID Raises $30 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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