Enterprise file sharing and sync (EFSS) and mobility vendor, Vaultize has raised funding from Tata Capital Innovations Fund (a fund managed by managed by Tata Capital).
Vaultize which demoed at UnPluggd, India’s Biggest Startup Conference will utilize the funding to scale up its go-to-market strategy, including expansion across the world, with immediate plans to establish operations in the US and Europe. The company will also use the funds towards building its best of the breed sales, marketing and engineering teams, and to enhance its global partner program.
Vaultize targets all kinds of enterprises starting from SMEs to Large enterprises. They target the very demanding needs of enterprise data backup on the cloud and this product is aimed at solving backup needs without much CAPEX. As this is based on a SaaS model, the upfront expenditure of companies is aimed to be less as hardware setup costs would be low.
“Data security and privacy are currently the key concerns of any organization’s IT team. Use of consumer cloud services, workforce mobility and the trend of BYOD are likely to increase the concerns even further. Vaultize comes at the right time to address these pain points. Led by experienced professionals and domain experts, Vaultize is poised to capture a significant share of the market,” said Mohan Harshey, Partner – Private Equity, Tata Capital.