OwnBackup, a Fort Lee, New Jersey-based Software-as-a-Service (SaaS) application backup and restore vendor, closed a $7.5m Series B funding.
The round was led by Insight Venture Partners, with participation from existing investors Innovation Endeavors, Oryzn Capital, and Salesforce Ventures.
The company intends to use the funds to grow the team, scale the business, deliver innovative solutions and raise awareness of the need for more proactive protection of valuable enterprise SaaS-based data.
Led by Sam Gutmann, CEO, OwnBackup provides secure, automated, daily backups of SaaS and PaaS data, as well as data compare and restore tools for disaster recovery. The company’s solutions cover data loss and corruption caused by human errors, malicious intent, integration errors and rogue applications.
OwnBackup has an R&D and Support Center in Tel Aviv, Israel.