Druva Raises $12M in Series B Funding

Druva, a Mountain View, CA-based provider of enterprise laptop backup and retrieval software, has raised $12m in Series B funding.

The round was led by Nexus Venture Partners, with participation from existing investor Sequoia Capital.

The company intends to use the funding to expand both the product offering and sales and marketing in North America, EMEA and Asia Pacific.

In conjunction with the funding, Jaspreet Singh, co-founder and CEO of Druva, has been named chairman of the board.
Druva’s board of directors will also include:
– Shailendra Singh, managing director, Sequoia Capital;
– Jishnu Bhattacharjee, principal, Nexus Venture Partners;
– Ramani Kothandaraman, co-founder and COO of Druva; and
– Yoram Novick, CEO and founder of Topio.

Founded in 2007, Druva provides its 750 customers across 26 countries with the inSync, a highly scalable, WAN-optimized solution designed to deliver automated backups of laptop computers while enabling simple restores of any file or backup volume from a Web browser or iPhone/iPad/Android device.

The company maintains offices in the United States (Irving, TX), India (Pune) and United Kingdom (London).

FinSMEs

24/08/2011

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