From Pune to Sunnyvale, enterprise IT firm Druva’s journey to raising $118 mn

In the less flashy world of enterprise IT, public cloud data backup and recovery firm Druva Inc. has managed to turn the spotlight on itself in a rather short span of time. The company, which was founded in Pune eight years ago and is now based in the US city of Sunnyvale, on Wednesday announced [&h...

Dearton Thomas Hector

Cloud data backup firm Druva raises $51 mn from Sequoia, others

Silicon Valley-based cloud backup and data protection firm Druva Inc. said on Wednesday it has raised $51 million (Rs 340 crore) in a new round of funding led by existing investor Sequoia Capital India. Singapore’s EDBI, the corporate investment arm of Singapore Economic Development Board, as well...