Data protection firm Druva raises $80 million in fresh funding

Druva's growth is fuelled by expansion of data protection market, estimated to be $28 bn in 2022

Druva, the global major in cloud data protection and management, on Tuesday announced $80 million of equity funding, bringing the total raised to approximately $200 million. 

The latest round was led by Riverwood Capital, with strong participation from Sequoia Capital India, Nexus Venture Partners, Tenaya Capital, and most other existing venture investors. Druva will leverage this to accelerate research and development, expand go-to-market efforts worldwide, and lead the industry in redefining how enterprises protect, manage, and use their data.

Druva’s growth is fuelled by the rapid expansion of the data protection market, estimated to be $28 billion in 2022 for