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Clumio Completes $135 Million Series C Funding Round

Data protection provider Clumio this week announced the completion of a $135 million Series C funding round, which brings the total raised by the company to date to $186 million.

Data protection provider Clumio this week announced the completion of a $135 million Series C funding round, which brings the total raised by the company to date to $186 million.

Clumio offers secure backup as a service, aiming to address data protection problems by leveraging the cloud, thus eliminating the need for specialized hardware or software to keep data securely backed up. The company also provides protection for workloads like VMware Cloud on AWS and native AWS services.

The company, which emerged from stealth in August 2019, says it has already received strong market response and experienced rapid adoption among enterprises.

The new funding, Clumio reveals, will be used to expand go-to-market and service operations in the U.S., and accelerate the growth of the company’s engineering team, both at the Santa Clara, CA headquarters and the Bangalore, India, development center.

Moreover, the SaaS provider will add new partner resources and programs to its strategy, and will also introduce support for new workloads, aiming for a globally consolidated data protection service.

The Series C round was led by Mike Speiser, managing director of Sutter Hill Ventures, along with new investor Altimeter Capital, which has provided support to companies such as Okta, Twilio, and Snowflake. Existing investor Index Ventures also participated in the round.

“Unlike legacy backup vendors, Clumio SaaS is born in the cloud. This round of investment allows us to push that advantage as we accelerate our development and go to market strategy while continuing to meet customer requirements for backup, regardless of where the data is,” Poojan Kumar, Clumio CEO and co-founder, commented.

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Related: Security Automation Firm ZecOps Raises $10 Million in Seed Funding

Related: 1Password Raises $200 Million in Series A Funding

Related: Email Security Firm Abnormal Security Exits Stealth Mode With $24M in Funding

Written By

Ionut Arghire is an international correspondent for SecurityWeek.

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