UPDATED 09:01 EDT / SEPTEMBER 28 2016

NEWS

Druva raises $51M to help companies protect their off-premises data

Organizations have limited control over the business information that employees store in the cloud and on their mobile devices, but that information needs to be protected just as much as the data they keep behind the firewall.  One of the vendors working to address the challenge is Druva Software Pvt Ltd., which raised $51 million in funding today from an investor group led by Sequoia India to fuel its efforts.

The startup offers a managed data protection platform called inSync that provides the ability to automatically back up the records produced by a company’s workforce to a centralized cloud-based archive. Every organization can customize the service’s sync frequency, data retention limits and access controls based on its specific requirements. A management console enables administrators to monitor user activity for potential security violations.

Druva says inSync can automatically highlight sensitive files that are kept somewhere they’re not supposed to be or aren’t stored in accordance with regulatory guidelines. The platform also makes it possible to set alerts for notifying relevant parties like, say, a company’s legal department when such a violation is detected. And it’s complemented by an infrastructure backup service called Phoenix that promises to help companies back up their on-premises servers to the cloud with similar flexibility.

Druva’s two services have racked up more than 1,000 customers between them over the past two years, including the likes of NASA and Marriott International Inc. Today’s funding is aimed at further growing the list by enabling the startup to invest more in product development and sales.

Besides Sequoia India, the round also saw the participation of the Singaporean government’s EDBI investment arm, Blue Cloud Ventures Hercules Capital and three of Druva’s existing backers. The cash infusion brings its total raised to a $118 million.

Image via Druva

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