Druva has raised a total of $475 million across multiple funding rounds, with its largest being a $147 million Series H round in April 2021, led by Caisse de dépôt et placement du Québec (CDPQ) and Neuberger Berman. The Santa Clara-based SaaS company provides cloud-native data protection and management solutions for enterprises, securing endpoints, data centers, and cloud workloads. With 1,001–5,000 employees, Druva continues to innovate in enterprise data resilience while scaling its Druva Cloud Platform to meet global demand.
Keep reading to explore Druva's funding journey, key investors, and what's next for this innovative platform.
What Is Druva and What Does It Do?
Founded in 2008 by Jaspreet Singh, Milind Borate, and Ramani Kothandaraman, Druva is headquartered in Santa Clara, California, United States. The company specializes in SaaS-based solutions for data protection, backup, disaster recovery, and security across multiple enterprise environments. Druva enables organizations to secure, manage, and recover data efficiently while reducing infrastructure complexity and operational costs.
How Much Funding Has Druva Raised?
- Series A
- Amount Raised: $5M
- Date: April 2010
- Lead Investors: IAN Group, Peak XV Partners
- Motivation: Develop and launch an initial SaaS data protection platform.
- Series B
- Amount Raised: $12M
- Date: August 2011
- Lead Investors: Nexus Venture Partners
- Motivation: Expand market reach and enhance product features.
- Series C
- Amount Raised: $25M
- Date: October 2013
- Motivation: Scale operations and meet growing demand.
- Series D
- Amount Raised: $25M
- Date: August 2014
- Lead Investors: Peak XV Partners
- Motivation: Accelerate product development and enter new markets.
- Series E
- Amount Raised: $51M
- Date: September 2016
- Lead Investors: Peak XV Partners
- Motivation: Enhance cloud solutions and expand customer base.
- Series F
- Amount Raised: $80M
- Date: August 2017
- Lead Investors: Riverwood Capital
- Motivation: Scale operations and invest in new technologies.
- Series G
- Amount Raised: $130M
- Date: June 2019
- Lead Investors: Viking Global Investors
- Valuation at Round: ~$1B
- Motivation: Capture a large market with a SaaS backup service.
- Series H
- Amount Raised: $147M
- Date: April 2021
- Lead Investors: CDPQ, Neuberger Berman
- Valuation at Round: North of $2B
- Motivation: Fuel innovation, scale, and expand routes to market.
Total Funding Raised: $475M
Current Valuation: North of $2B
Latest Funding Date: April 2021
Key Investors
- Caisse de dépôt et placement du Québec (CDPQ)
- Details: Global investment group managing funds for public pensions and insurance plans.
- Investment Focus Areas: Infrastructure, real estate, private equity, public equity
- Notable Investments: Renewable energy projects, technology companies
- Neuberger Berman
- Details: Investment management firm with over $300B in assets under management.
- Investment Focus Areas: Equities, fixed income, private equity, hedge funds
- Notable Investments: Healthcare, technology, consumer goods
- Viking Global Investors
- Details: Global investment firm focused on public and private equity markets.
- Investment Focus Areas: Technology, healthcare, consumer services
- Notable Investments: Facebook, Alibaba, Netflix
- Atreides Management
- Details: Investment firm focusing on technology, media, and telecom sectors.
- Investment Focus Areas: Technology, media, telecommunications
- Notable Investments: SpaceX, Robinhood, Epic Games
- Peak XV Partners
- Details: VC firm investing in early to growth-stage technology and healthcare companies.
- Investment Focus Areas: Technology, healthcare, consumer services
- Notable Investments: Flipkart, Byju's, Swiggy
Where Is Druva's Headquarters?
Druva is headquartered in Santa Clara, California, United States, providing access to top talent, serving enterprise clients, and acting as a hub for SaaS and cloud innovation.
What's Next for Druva?
Druva aims to expand its cloud-native platform, capturing the growing demand for enterprise SaaS data protection. With a valuation north of $2B, the company is exploring future fundraising and potential IPO opportunities. Key challenges include navigating competition, rapid tech advances, and regulatory compliance.
Druva is positioned to enhance market leadership, innovate in cloud data management, and provide secure, scalable solutions for enterprises globally.
Get Investor & Funding Insights with TexAu
TexAu provides detailed fundraising data on companies like Druva. Track investors, monitor funding rounds, and gather actionable insights to strengthen your business strategy.
Sign up for Free on TexAu and turn data into smarter, faster business decisions.
