Shubham Saroj
Druva brings the simplicity and scale of the public cloud to enterprise backup and data management.
Introduction – Druva Inc. is a privately-held software company based in Sunnyvale, California. The company provides SaaS-based data protection and management products for corporations and government agencies. Druva products aggregate enterprise data from endpoints, data center, and cloud workloads for backup and restore, compliance monitoring, security, and other uses.
Early Days – In 2008, Jaspreet Singh (CEO), Milind Borate (CTO), and Ramani Kothandaraman, who met working together at Veritas Software, founded Druva in Pune, India. In Sanskrit, “druva” translates to “North Star”. Initially, Druva focused on providing data management software to financial companies before shifting to general enterprise data management.
In 2010, the company received Series A funding. In 2011, the company added smartphone support for its inSync app and received Series B funding. The next year, the company moved its headquarters to Silicon Valley, and again shifted focus to cloud-based data management and protection.
(As of 2019, Druva continued to operate an R&D facility in Pune, where the company was originally based.) By 2013, the company had grown 194 employees. NASA and Pfizer were Druva’s clients. The company raised Series C funding the same year.
In 2014, Druva released its Phoenix server backup product and received Series D funding. By 2016, the company had grown to 400 employees, and set up a subsidiary in Japan and an office in Tokyo. Druva received more funding and FedRAMP authority to operate in 2017. In 2019, Druva grew to 750 employees and more than 4,000 customers, and opened an office in Singapore.
Druva creates and sells data protection and management products to companies and government agencies. These products aggregate enterprise data from endpoints, data centers, and cloud workloads for backup and restore, disaster recovery, archival and retention, compliance monitoring, data forensics, and other uses.
The company offers the following products:-
- Druva inSync – for endpoint devices such as laptops, smartphones, and tablets as well as SaaS applications such as G Suite and Office 365.
- Druva Phoenix – for physical and virtual file servers.
- Druva CloudRanger – for AWS services and workloads.
All products operate on the Druva Cloud Platform, a cloud-native backup platform built on AWS that provides a centralized backup repository. They have applied for and been granted a number of US patents related to data protection and management.
Marketing Strategy – Druva markets itself as a SaaS platform for data protection across data centers, cloud applications, and endpoints. It focuses on backup and recovering data with the scale and simplicity of the public cloud where you only pay for what you use, reducing your overall TCO.
They will help you to unlock the full value of your data by enforcing data governance and extract more intelligence with search and analytics.
User Base & Valuation – Their user base includes several big MNCs from all around the globe which are as follows:-
- NASA
- Marriot
- DHL
- McAfee
- Carlsberg
- Chipotle
After a funding round in 2021, their valuation surpassed more than $2 billion.
Funding – They have raised a total of $475 million in funding over 10 rounds. Their latest funding was raised on May 15, 2021 from a Secondary Market round. They are funded by 17 investors. Sean Tiner and Atreides Management, LP are the most recent investors. Their other investors are as follows:-
- Viking Global Investors
- Riverwood Capital
- Sequoia Capital India
- Orios Venture Partners
- Nexus Venture Partners
- Indian Angel Network
Revenues – They reported in 2019 that they have crossed the threshold of $100 million in revenues per year.
Acquisitions – So far, they have acquired 3 organizations which are as follows:-
- In 2018, they acquired Letterkenny-based CloudRanger, a back-up and disaster recovery company.
- In 2019, they acquired CloudLanes to supplement its on-premises to cloud performance.
- In 2020, they acquired SFApex.
Awards – Druva is recipient to various awards. They have won these awards which are as follows:-
- Gartner gave them an “excellent” rating in its Critical Capabilities for Enterprise Endpoint Backup reports in 2012, 2013 and 2015.
- They received recognition in the Deloitte Technology Fast 500 in 2016, 2017, 2018, and 2019.
- In 2016 and 2017, they won Stevie Awards for Sales and Customer Service.
- According to Druva, in 2019 the company received a Net Promoter Score of 86.
Present Time & Future Goals – Presently the company is doing great as they have achieved:-
- More than $2 billion in valuation
- Launched collaboration with Dell Technologies
- Completed more than 2.5 billion backups annually
They are going strong and the future looks bright for them. They have secured funding through several rounds and have accomplished pretty much everything for a company that’s nearly a decade old. Everything’s going well for them. The only thing that they need is to file for an IPO in the future and make the company public. If they file for an IPO would you like to invest? Do tell us in the comments.
Conclusion – To sum it up, Druva is yet another company that offers digital services that’s going strong and it will be one of the top players in the future in its industry. So far, their journey has been promising. Let’s see how far they can go in the future and carry their legacy without a fuss.
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