Cloud data protection startup Druva Inc. today said it has raised $130 million in new investment, bringing its total funding to $328 million and vaulting it into the ranks of “unicorns,” or startups with an estimated value of more than $1 billion.

This is the seventh funding round for the company, which provides cloud-native backup and management as a service on the Amazon Web Services Inc. platform. It raised $80 million nearly two years ago.

Founded in 2008 in Pune, India, Druva has carved out a distinctive position for itself in a crowded market by focusing on the AWS platform and selling an integrated service that combines data from endpoints, servers and cloud applications into a central repository for backup, data protection, governance and intelligence.

It claims its patented approach is unique because it requires no special hardware or agents and gives organizations a single view of all their information. Among its features are a deduplication technology that works across a customer’s entire backup store.

The privately held company doesn’t disclose financial information but said that last September that it’s on track to reach $100 million in revenue at the end of this fiscal year, according to One Million by One Million. Druva acquired AWS backup and disaster recovery specialist CloudRanger a year ago, saying it would use the required technology to branch out into multicloud data protection.

Druva claims 4,000 enterprise customers, including companies including Pfizer Inc., Nokia OYJ, BAE Systems Inc., Marriott International Inc., Stanford University and the National Aeronautics and Space Administration.

The latest round was led by Viking Global Investors LP with new investors Neuberger Berman Group LLC and Atreides Capital LLC along with existing investors Riverwood Capital LLC, Tenaya Capital and Nexus Venture Partners. The company said it will use the money to “fuel growth and global expansion, as well as drive new product innovations.”

“Druva… has grown at a phenomenal rate over recent years, all while keeping the trust and loyalty of its enterprise customers,” Harish Belus, managing director of Riverwood Capital, said in a prepared statement. “This market is taking off and we are also sure that Druva has the right product, executive team and market execution to be the leader in the industry.”

Druva said the data protection market is expected to reach $55 billion next year. “Yet our competitive landscape is dominated by solutions that are 20 years or more in age,” said founder and Chief Executive Jaspreet Singh (pictured).

Singh talked about his company last year with theCUBE, SiliconANGLE Media’s livestreaming studio:

Photo: SiliconANGLE