Security Solutions Startup Druva Raises $25 mn Series C from Sequoia Capital, Nexus Venture Partners & Tenaya Capital

Security solutions company Druva has raised $25 mn in Series C funding from existing investors Sequoia Capital, Nexus Venture Partners and Tenaya Capital, a new investor.

druva.gifSecurity solutions company has raised $25 mn in Series C funding from existing investors Sequoia Capital, Nexus Venture Partners and Tenaya Capital, a new investor.

The company which raised $5 mn in 2010 from Sequoia & Indian Angel Network; and $12 mn from Nexus Venture Partners and Sequoia Capital was founded in 2007.

Druva is an endpoint data protection and governance solutions company. The first time investment from Tenaya Capital is “substantial,” said the company.

The startup has over 2100 customers and protects 1.7 million endpoints. It is also expected to employ 200 people by the end of the year, up from 124 at the end of 2012. Druva also introduced a major inSync upgrade and two new private cloud deployment options since January, said the Nexus Venture Partners.

Funds will be used to support R&D, expand global sales and marketing and expansion of Druva’s cloud infrastructure to support new deployment.

Jaspreet Singh, Druva founder and CEO said

The size of this latest funding round is a direct result of our unified strategy for solving these problems, our success to date in attracting customers ranging from UC Berkeley to Sephora and NASA, and our roadmap for expanding the inSync platform to become an essential component of the IT infrastructure.

Tom Banahan, the Managing Director of Tenaya Capital has joined the company’s board.

Watch Jaspreet Singh talk at UnPluggd

Leave a Reply

Sign Up for #BigDaily Newsletter

Daily.