Data protection startup Druva's valuation crosses $1 bn, joins unicorn club

Raises $130 million investment led by Viking Global Investors, pushing total capital raised to $328 million; investment will be used to fuel growth and global expansion

Druva, a data-protection start-up that counts the US space agency NASA and drugmaker Pfizer among its customers, has raised $130 million investment led by Viking Global Investors, pushing the total capital raised to $328 million. The investment has made the Pune and California-based company a ‘unicorn,’ or a startup valued at more than $1 billion, according to the firm.

The round also included participation from new investors including certain funds advised by Neuberger Berman and Atreides Management, as well as existing investors including Riverwood Capital, Tenaya Capital, and Nexus Venture Partners. The investment will be used to fuel growth and global