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Enterprise software maker <keyword id="741520" type="COMPANY" weightage="100" keywordseo="Druva">Druva</keyword> raised around $51 million, or Rs 340 crore in a funding round that was led by its existing investor <keyword id="270604" type="ENTERTAINMENT" weightage="20" keywordseo="Sequoia">Sequoia</keyword> Capital. 
 
The funding round also saw participation from EDBI, Blue Cloud Ventures and Hercules Capital. 
 
This comes as big news for investors have tightened their purse-strings in this domain. 
 
Druva, which was founded in 2008, has now raised a total of $117 million in venture funding. In 2014, the company was valued at $220 million. 
 "Since our last funding two years ago, we have expanded the scope of our product and scaled across geographies. We are now marching towards an IPO,” said <keyword id="1904254" type="PERSON" weightage="20" keywordseo="Milind-Borate">Milind Borate</keyword>, cofounder of Druva. 
 
Druva operates from Pune and Sunnyvale in the US and has bagged over 4,000 enterprise customers across the US, Europe, Middle East and the Asia-Pacific region. 
 
"As we continue to grow in the enterprise business, we have a two-point plan: to continue to innovate as much as possible in terms of our offering and to expand our global footprint,” said Jaspreet Singh, cofounder of Druva.

Enterprise software maker Druva raises $51 million, plans for IPO

<ul><li><keyword id="741520" type="COMPANY" weightage="20" keywordseo="Druva">Druva</keyword>, the Indo-US cloud <keyword id="187124" type="ORGANIZATION" weightage="20" keywordseo="Data-Protection">data protection</keyword> and management unicorn, has raised $147 million in a new round of funding.</li><li>The funding was led by Caisse de dépôt et placement du Québec (CDPQ), a global investment group along with US-based investment firm Neuberger Berman.</li><li>Druva is a SaaS (Software as a Service) startup which was founded by Jaspreet Singh and Milind Borate in 2008.</li></ul>Druva, a cloud data protection and management unicorn, has raised $147 million in a new round of funding. The funding was led by Caisse de dépôt et placement du Québec (CDPQ), a global investment group along with US-based investment firm Neuberger Berman, while it also saw participation from the startup’s existing investors Viking Global Investors and Atreides Management. With this, the company’s valuation has soared above $2 billion. California and Pune-based startup Druva had entered the unicorn club in June, <a href="https://www.businessinsider.in/druva-latest-valuation-crosses-1-billion-backed-by-viking-global-investors-nexus-venture-partners-sequoia/articleshow/69876367.cms">2019</a> when it had raised $130 million in a round led by Viking Global investors. “The unprecedented events of 2020 have ushered in a generational cloud transformation for businesses, and data‘s increasing value is at the very heart of it. Druva pioneered the cloud data protection category almost a decade ago and has led the way in defining the architecture, business model, and user experience our customers now expect,” said Jaspreet Singh, founder and chief executive officer of Druva, in a statement. Druva is a SaaS (Software as a Service) startup which was founded by Jaspreet Singh and Milind Borate in 2008. Its patented cloud architecture enables cyber governance, improves cyber resiliency, and helps customers gain critical insights. Druva claims to have seen massive surge during the COVID-19 pandemic as companies transformed rapidly to adapt to digital. “In the last year, the company’s data under management has grown by more than 40% as Druva supports industry leaders, disruptors, and pioneers including GameStop, Marriott, NASA, National Cancer Institute, Pfizer, and Regeneron Pharmaceuticals,” said the company. SEE ALSO: <a href="https://www.businessinsider.in/tech/apps/news/whatsapp-users-need-to-update-their-apps-and-report-malicious-links-as-new-malware-makes-the-round-and-cert-in-warns-of-multiple-vulnerabilities/articleshow/82140756.cms">WhatsApp under threat — multiple vulnerabilities in older versions of the app and a new ‘Pink’ malware on the prowl</a> <a href="https://www.businessinsider.in/business/startups/news/dream11-parent-company-looking-for-an-ipo-in-the-us/articleshow/82139123.cms">Dream11’s parent company is reportedly the latest contender for a public market debut in the US</a>

SaaS unicorn Druva, which manages data for NASA, Pfizer, and GameStop, raises $147 million; valuation crosses $2 billion

<ul><li>California and Pune-based startup <keyword id="741520" type="COMPANY" weightage="20" keywordseo="Druva">Druva</keyword> has raised $130 million in a round led by Viking Global investors. </li><li>The total funding raised by the startup has gone beyond $328 million.</li><li>The 11-year old startup counts big names like Pfizer, McAfee, DHL, Hulu, Carlsberg, Marriott and others as its clients.</li></ul>Cloud <keyword id="187124" type="ORGANIZATION" weightage="20" keywordseo="Data-Protection">data protection</keyword> startup Druva has raised $130 million and entered the Unicorn club, with a valuation of over a $1 billion. Its latest round which was led by Viking Global Investors, also saw participation from funds like Neuberger Berman and Atreides Management. Existing investors Riverwood Capital, Tenaya Capital, and Nexus Venture Partners participated in the fund raising too, according to <a href="https://www.thehindubusinessline.com/info-tech/cloud-start-up-druva-in-unicorn-club-as-130-mn-funding-takes-its-valuation-past-1-bn/article28086670.ece">reports.</a> After this round, the total funding raised by the startup has gone beyond $328 million. It had last raised a funding of $80 million in 2018 which also saw participation from Sequoia Capital India. Druva is a SaaS (Software as a Service) startup which was founded by Jaspreet Singh and Milind Borate in 2008. Its patented cloud architecture enables cyber governance, improves cyber resiliency, and helps customers gain critical insights. The California and Pune-based startup has clients like Pfizer, McAfee, DHL, Hulu, Carlsberg, Marriot. See Also: <a href="https://www.businessinsider.in/staqu-turns-profitable-after-1100-police-cases-and-one-funding-round/articleshow/69871636.cms">EXCLUSIVE: This Indian startup has made a profit solving 1,100 police cases with just one round of funding</a>

India's latest unicorn is a data protection startup Druva – backed by Viking Global and Nexus Venture Partners

<ul><li><keyword id="3156357" type="PERSON" weightage="20" keywordseo="Rivigo">Rivigo</keyword> is the latest startup to attain the $1 billion valuation.</li><li>This year, India has already seen 8 <keyword id="6362513" type="UNKNOWN" weightage="20" keywordseo="startups">startups</keyword> joining the unicorn club. </li><li>With 3 months left for 2019, this year could break 2018’s record of 8 unicorns.</li></ul>India’s unicorn club seems to be having a good year as eight startups joined the coveted club In 2018, eight startups turned unicorns basically reached $1 billion in valuation. Here’s a look at all the startups that have crossed the valuation mark so far in 2019. Rivigo The latest startup to join the unicorn club is logistics startup Rivigo. The logistics sector had long been in the limelight after Delhivery turned unicorn. After this, both Rivigo and Blackbuck raised funds, heating up the race to being a unicorn. Now, Rivigo has managed to be a unicorn after it raised $4.9 million from South Korea's KB Platform Fund. After the deal closed, it is valued at $1.05 billion. Delhivery In March this year, Delhivery became 2019’s first unicorn. This was after the logistics tech startup raised $395 million from SoftBank. After its funding in March, it’s valued at $1.6 billion. The logistics solutions company was founded by Sahil Barua, Mohit Tandon, Suraj Saharan, Kapil Bharti and Bhavesh Manglani. They created a stronghold in the market by partnering with e-commerce majors like Flipkart and Paytm amongst others. Big Basket The grocery retail startup became a unicorn in March 2019. Bigbasket closed its Series F round of funding with an investment of $150 million, which valued it at $2.3 billion. The funding was led by Bigbasket’s earlier investor Alibaba, along with a new investor – Mirae Asset. The grocery sector which is now buzzing with new entrants like Swiggy. Grofers too turned its finances around, and has recently turned a soonicorn after the latest round of funding in May 2019. Ola Electric Ola’s subsidiary Ola Electric also turned a unicorn like its parent company. Its growth has also been fast as most of Ola’s existing investors placed their bets on the company. In July, it became a unicorn after raising $250 million from Softbank. In May, Ola Electric also raised funds from former Vodafone Group CEO Arun Sarin. Some of its other illustrious investors include Chairman Emeritus of Tata Group, Ratan Tata. In March, it had raised ₹4 billion from Ola’s existing and early investors – Tiger Global and Matrix India. Dream 11 India’s first gaming unicorn is Dream11, a fantasy gaming startup. It announced a secondary investment from Steadview Capital, an Asia-focused alternative asset manager in April 2011 which gave brought it its unicorn status. The 11-year old startup had a dream run in 2019, after signing up with IPL and the BCCI as its official partners. The cricket world cup along with IPL helped it clock in stellar numbers. In an interview with Business Insider, one of its founders Bhavin Sheth said that the startup hopes to hit 100 million users by the end of the year. Icertis In July 2019, India and US-based Software-as-a-Service (SaaS) platform Icertis became a unicorn. It raised $115 million in funding from Azim Premji’s Premji Invest and US-based VC firm Greycroft. The company, which offers contract management, has 5.7 million contracts across 90 countries. Some of its are Adobe, Airtel, Cognizant, Infosys, and Microsoft. Druva The Indo-US startup Druva entered the unicorn club in June 2019. The cloud data protection startup raised $130 million in a round that was led by Viking Global Investors. It also saw participation from funds like Neuberger Berman and Atreides Management. Existing investors Riverwood Capital, Tenaya Capital, and Nexus Venture Partners too participated in the round. Druva is a SaaS (Software as a Service) startup which was founded by Jaspreet Singh and Milind Borate in 2008. Its patented cloud architecture enables cyber governance, improves cyber resiliency, and helps customers gain critical insights. Citius Tech The healthtech company was a lesser known startup which gained unicorn status. The company provides healthcare solutions, using technologies like business intelligence, mobility and IoT, Big Data, cloud computing, predictive analytics and data science. The company was acquired by Baring Private Equity Asia in July 2019, which gave it a valuation of $1 billion.

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Enterprise software maker Druva raises $51 million, plans for IPO

BI India Bureau

SaaS unicorn Druva, which manages data for NASA, Pfizer, and GameStop, raises $147 million; valuation crosses $2 billion

Sanchita Dash

India's latest unicorn is a data protection startup Druva – backed by Viking Global and Nexus Venture Partners

Sanchita Dash

With Rivigo joining the club, these are the 8 unicorns of 2019 so far

Sanchita Dash

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