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Druva Research 7 months 3 weeks ago #57

  • dsamraj
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Description

Druva is a San Francisco Bay area startup [1] that offers various data protection products including ransomware protection, cloud backup and recovery, cloud disaster recovery, remote office/branch backup, and endpoint backup. [2] The startup was founded in 2008 by Jaspreet Singh, Milind Borate, and Ramani Kothandaraman. [1] Kothandaraman left the business in 2014 to start a new venture [3]. while Singh and Borate stayed with the venture. Singh currently serves as Chief Executive Officer, while Borate serves as Chief Development Officer. [4]

Financials

By the end of 2019, Druva had reached $100M in annual recurring revenue. [5]

Potential Strategic Partnership

Preliminary talks are underway for Druva to partner with Dell who would offer Druva’s service on its platform. [6] Such a strategic partnership would no doubt expand Druva’s presence and would lead to increased growth if the deal pulls through.

Competitors

The data management and protection market is hot right now and as such Druva has several competitors in the space including Veeam, Commvault, Veritas Technologies, as well as many other smaller players in the space [7]. As with any software solutions business, Druva’s continued success depends on its ability to develop new, cutting edge technological solutions with as few bugs as possible.

Funding I

n its latest funding round in 2019, Druva raised $130M which places the valuation of the firm at over $1B. [8] Viking Global investors led the round as well as Neuberger Berman, Atreides Management, Riverwood Capital, Tenaya Capital, and Nexus Venture Partners participating. To date Druva has raised $328M. [8]

Conclusion

Druva is at the center of a highly competitive market poised for growth. As such, Druva will be an interesting company to watch in the coming year.

Articles for Further Reading (and in part used to create this post)

[1] (Crunchbase 1) : www.crunchbase.com/organization/druva-software
[2] (Druva home): www.druva.com/
[3] (Crunchbase 2): www.crunchbase.com/person/ramani-kothandaraman
[4] (Druva team): www.druva.com/about/leadership/
[5] (Druva press): www.druva.com/about/press-releases/druva...l-recurring-revenue/

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Last edit: by dsamraj.

Druva Research 7 months 3 weeks ago #58

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