leading cloud data protection platform OwnBackup today announced the acquisition of Alkeon Capital and B Capital Group jointly led by $ 240 million E round of investment, which Including BlackRock Private Equity Partners and Tiger Global ‘s secondary investment in the company. The company’s existing investors Insight Partners , Salesforce Ventures , Sapphire Ventures and Vertex Ventures also participated in this round of investment. The company has raised nearly 500 million U.S. dollars, increasing the company’s valuation by 2 billion U.S. dollars within six months. OwnBackup also announced plans to extend its comprehensive data backup and recovery solution to other cloud platforms later this year, starting with Microsoft.
Starting from Salesforce’s huge customer ecosystem, OwnBackup has been focusing on enhancing customers’ ability to own and protect their data on any cloud platform. This additional financing consolidates OwnBackup’s successful model in creating cloud data protection and management products that people need and welcome. OwnBackup currently provides cloud data protection, sandbox seeding and data archiving solutions for nearly 4,000 organizations worldwide.
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Sam Gutmann, CEO of OwnBackup, said: “We continue to be firmly committed to protecting customer data and providing solutions that can achieve fast and accurate data recovery. Although cloud services are essential to conducting business, the widespread popularity of software as a service (SaaS) Has resulted in the generation of massive amounts of data. Our cooperation with Salesforce, Microsoft and other important SaaS ecosystems can support enterprises to thrive in today’s digital-driven world. The development story written by each company has data, and this round of financing will To support us in realizing our long-term vision, which is to enhance our customers’ ability to own and protect their data on any cloud platform.”
Through this round of financing, OwnBackup plans to extend its mature cloud data protection expertise to Dynamics 365 later this year. OwnBackup will help Dynamics 365 customers meet complex regulatory requirements and eliminate data interruptions caused by user and integration errors. This service will enable companies to retain full ownership of their data backups, quickly restore data that has been lost or damaged, and promote organizations to adopt more Microsoft Azure and Dynamics 365.
Microsoft Chief Technology Officer David Totten said: “We are very pleased to work with OwnBackup to add a data protection line of defense for Dynamics 365 customers. By enabling organizations to automate the backup process and restore the precise data required within minutes, OwnBackup’s solution It will help Dynamics 365 customers to undertake more business-critical tasks while avoiding the risk of data loss.”
In addition to Salesforce and Microsoft, OwnBackup is also actively trying to develop other cloud providers into potential partners to fulfill its promise to enable customers to own and protect their mission-critical data.
Abhi Arun, Managing Partner of Alkeon Capital, said: “In the past 18 months, with the increase in virtual workplaces, data has truly taken the center. Business executives value data solutions and their employees’ access and protection of data whenever and wherever they need it. Ability. Similarly, customers need to seamlessly transfer and control their data on a platform independent of their SaaS provider, while maintaining the highest level of security for their end users. Because of this, we are very happy to work with OwnBackup’s leadership team And support them, and they will continue to realize great customer value inside and outside the Salesforce ecosystem.”
OwnBackup is trusted by nearly 4,000 customers from all walks of life, including AECOM, Aston Martin, Ciena, Delivery Hero, Guidewire Software, Make-A-Wish Foundation, Medtronic, Navy Federal Credit Union (Navy Federal Credit Union), Singapore Economic Development Board and University of Miami, etc.
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