Druva
Software company
From Wikipedia, the free encyclopedia
Druva Inc. is an American privately held software company. The company provides SaaS-based data protection and management products.[3]
| |
| Company type | Private |
|---|---|
| Industry | |
| Founded | 2008 in Pune, India |
| Founders | Jaspreet Singh, Milind Borate, Ramani Kothandaraman |
| Headquarters | Santa Clara, California, United States |
Key people | Jaspreet Singh (CEO) Milind Borate (CTO) |
| Products |
|
| Revenue |  $100.2 Million(2019)[1] |
Number of employees | 1,000+[2] (2022) |
| Website | www |
History
In 2008, Jaspreet Singh (CEO), Milind Borate (CTO), and Ramani Kothandaraman, who met while working at Veritas Software,[4] founded Druva in Pune, India.[5][6]
The company's name is derived from Sanskrit word, "Dhruva" which translates to "Pole Star".[7] Initially, Druva focused on providing data management software to financial companies before shifting to general enterprise data management.[5]
In 2010, the company received Series A funding.[4] In 2011, the company added smartphone support for its Insync app[8] and received Series B funding.[9] The next year, the company moved its headquarters to Silicon Valley, and again shifted focus to cloud-based data management and protection.[5] By 2013 Dhruva raised Series C funding.[10]
In 2014, Druva released its Phoenix server backup product[11] and received Series D funding.[12] By 2016, the company set up a subsidiary in Japan and an office in Tokyo.[7] Druva received FedRAMP authority to operate in 2017.[13][14] In 2019, Druva opened an office in Singapore.[5] The company also received additional late-stage funding,[3] which brought its total amount invested to $328 million and its total valuation to more than $1 billion.[15]
In 2018, Druva acquired Letterkenny-based CloudRanger, a backup and disaster recovery company.[16] In 2019, Druva acquired CloudLanes to supplement its on-premises to cloud performance.[17][18] The following year it acquired sfApex, a Texas based backup and migration company focused on Salesforce data.[19] In April 2021, Druva raised $147 million in its eighth funding round, valuing the company at about $2 billion.[20][21]