Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cybersecurity Funding

SaaS Application Backup Firm Rewind Raises $15 Million

Backup-as-a-service (BaaS) provider Rewind on Tuesday announced it has raised $15 million in Series A funding.

Founded in 2015, the Ottawa, Canada-based company helps customers secure business-critical software-as-a-service (SaaS) application and cloud data, and claims more than 80,000 organizations in over 100 countries rely on its solutions.

Backup-as-a-service (BaaS) provider Rewind on Tuesday announced it has raised $15 million in Series A funding.

Founded in 2015, the Ottawa, Canada-based company helps customers secure business-critical software-as-a-service (SaaS) application and cloud data, and claims more than 80,000 organizations in over 100 countries rely on its solutions.

Rewind says it provides businesses of all sizes with backup solutions that can help them recover from various types of incidents, while ensuring no data is lost.

The backup services provider plans to use the funds to continue expansion, accelerate product development, and deliver new data protection solutions faster. Furthermore, the company plans to hire across all core business functions: R&D, marketing, sales, and customer services.

“We are committed to giving all businesses a reliable way to protect and control the cloud data that fuels their business success. With the support of our investors, our goal is to develop advanced backup-as-a-service solutions for all top cloud apps,” Mike Potter, co-founder and CEO of Rewind, said.

The funding round was led by Inovia Capital and saw participation from Ridge Ventures and Bessemer Venture Partners.

Related: Data Security Startup Qohash Raises $6 Million

Related: Cloud Security Firm Wiz Emerges From Stealth With $100M in Funding

Advertisement. Scroll to continue reading.

Related: Swimlane Raises $40 Million to Expand SOAR Business

Related: EclecticIQ Closes $24 Million Series C Funding Round

Written By

Ionut Arghire is an international correspondent for SecurityWeek.

Click to comment

Trending

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.

Learn how the LOtL threat landscape has evolved, why traditional endpoint hardening methods fall short, and how adaptive, user-aware approaches can reduce risk.

Watch Now

Join the summit to explore critical threats to public cloud infrastructure, APIs, and identity systems through discussions, case studies, and insights into emerging technologies like AI and LLMs.

Register

People on the Move

Jessica Newman has joined Sophos as General Manager of Global Cyber Insurance.

Breach and attack simulation solutions provider AttackIQ has appointed Pete Luban as Field Chief Information Security Officer.

Matthew Cowell has assumed the role of VP of Strategic Alliances at Nozomi Networks. He previously served in the same role at Dragos.

More People On The Move

Expert Insights

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest cybersecurity news, threats, and expert insights. Unsubscribe at any time.