Rewind, the backup-as-a-service (BaaS) solution provider, has announced that it has bagged $15 million in recent Series A funding. The financial round was led by Inovia Capital, along with participation from Bessemer Venture Partners and Ridge Ventures.
As Mike Potter, CEO and co-founder at Rewind, explained – “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.”
With this funding, it plans to continue expansion, deliver new, faster data protection solutions, and accelerate product development. It is also looking forward to hiring a core business functions team, including marketing, sales, R&D, and customer services.
Source: SecurityWeek
