Clumio Raises $75M in Series D Funding


Clumio, a Santa Clara, CA-based company which specializes in data backup and recovery for public cloud, raised $75M in Series D funding.

The round was led by Sutter Hill Ventures, with participation from existing investors Index Ventures and Altimeter Capital, and new investor NewView Capital.

The company intends to use the funds to accelerate its innovation and go-to-market in radically simplifying backup and recovery for public cloud customers.

Led by CEO Poojan Kumar, and Chief Revenue Officer Rick Underwood, Clumio helps enterprises automate the backup, recovery, and compliance of critical data in AWS. Its secure air-gapped SaaS backup solution enables organizations to achieve ransomware protection, stringent compliance requirements, backup and restore data in minutes, and gain visibility to optimize cloud storage costs.

The company also announced a 4X growth in annual recurring revenue (ARR) in 2023, fueled by accelerated enterprise customer acquisition—software powerhouse Atlassian, legal and risk management leader LexisNexis, and recently public fast-casual restaurant chain Cava, among others. Clumio is now well into double-figures in millions of dollars in annual recurring revenue (ARR), with over 100 petabytes (PB) of cloud data protected for hundreds of customers.