Cloud data protection and management solutions firm Druva today said it has raised USD 80 million (over Rs 512 crore), led by Riverwood Capital.
The funding round also saw participation from Sequoia Capital India, Nexus Venture Partners, Tenaya Capital, and most other existing venture investors, a statement today said.
It added that the latest round brings the total funding raised by the company to about USD 200 million.
"Druva will leverage this late-stage investment to dramatically accelerate research and development, expand go- to-market efforts worldwide, and lead the industry in redefining how enterprises protect, manage, and use their data," it said.
The data protection market is expected to touch USD 28 billion in 2022 for both cloud-based and on-premises servers.
Cloud deployments by Druva -- which means 'north star' in Sanskrit -- now span more than 4,000 enterprise customers.
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