Cloud backup provider Clumio has announced that it has secured $135 million in Series C funding.
Clumio was founded by serial entrepreneur Poojan Kumar to provide cloud companies with a suite of cloud-based backup tools. The company’s approach is someone unique in that, “unlike legacy backup vendors, Clumio SaaS is born in the cloud,” says Kumar. “This round of investment allows us to push that advantage as we accelerate our development and go to market strategy while continuing to meet customer requirements for backup, regardless of where the data is.”
As an added benefit of the service, customers do not need to install—or even purchase—any specialized hardware or software to take advantage of Clumio SaaS. The service allows a company the ability to rewind and go back to a point before something went wrong, such as a cyberattack or data loss event.
“Similar to Snowflake disrupting the data warehousing market by leveraging the scale, elasticity and economics of the public cloud, Clumio is building a globally consolidated data protection service the right way,” said Mike Speiser, Managing Director, Sutter Hill Ventures. “Harnessing the full power of the public cloud, they are reimagining the backup experience for the enterprise paying particular attention to security, predictable costs and simplicity for their customers.”
The company plans to put the funding to good use, growing its engineering team and expanding its U.S. operations.
“This new funding will help Clumio execute in the following areas:
- Accelerate the growth of its engineering team, both at the company’s headquarters in Santa Clara, CA and in its new development center in Bangalore, India
- Expand go to market and service operations in the U.S.
- Add more support for its 100% channel strategy with additional partner resources and programs and build upon momentum in technology partner programs with AWS, VMware and others
- Introduce support for new workloads as Clumio continues to execute against its vision for a globally consolidated data protection service
“Clumio is a secure, backup as a service that consolidates the protection of an enterprise data center and any remote sites with no hardware or software to size, configure, manage – or even buy at all. As enterprises move aggressively to cloud, they can use Clumio to protect workloads like VMware Cloud on AWS and native AWS services. Authentic SaaS protects data regardless of where it resides and delivers critical benefits to the enterprise.”