Acronis, a Singapore and Schaffhausen, Switzerland-based provider of cyber protection solutions, raised $147m in funding.
The round, led by Goldman Sachs, brought the valuation of the company to over one $1 billion.
The company intends to use the funds to:
– expand its engineering team in Singapore, Bulgaria and Arizona,
– build additional data centers,
– grow through acquisitions, and
– accelerate the business growth in North America in partnership with Acronis SCS, an independent software vendor and distributor for the public sector.
Founded in Singapore in 2003 and incorporated in Switzerland in 2008 by Serguei Beloussov, CEO, Acronis provides backup, security, disaster recovery, and enterprise file sync and share solutions that run on-premises, in the cloud, or at the edge. Enhanced by AI technologies and blockchain-based data authentication, the solution protects all data, in any environment, including physical, virtual, cloud, mobile workloads, and applications.
The company has now has more than 1,400 employees in 18 countries, 500,000 business customers, and a worldwide community of Acronis API-enabled service providers, resellers and ISV partners in over 150 countries in more than 30 languages.