Drive has raised $51 million in funding that will further drive the company’s global objective to transform the way enterprises protect and manage information.
The new funding brings Druva’s total capital raised to $118 million, and will continue to support its aggressive growth strategy. The round is led by existing investor Sequoia India and joined by new investors – Singapore-based EDBI, as well as Blue Cloud Ventures and Hercules Capital.
This round also includes contributions from other existing investors including NTT Finance, Nexus Venture Partners and Tenaya Capital. The capital will be used to accelerate both product innovation and adoption, all while enhancing product capabilities across Druva’s secure cloud platform. In addition, the capital will be used to further drive sales and marketing, and continue the company’s global expansion.