Cybersecurity solutions startup Acronis International GmbH today became the latest tech unicorn.

The company raised $147 million in new funding to allow it to expand its headcount, accelerate its business growth in North America, build additional data centers and to grow through acquisitions.

The round was led by Goldman Sachs on a valuation of “over $1 billion,” the number required for unicorn status. The round was also notable because it’s the first time the company has raised money since 2004, the company having spent the last 15 years self-sustaining without the need for venture capital money.

Founded in 2003, Acronis offers a suite of cyberprotection products, including backup, security, disaster recovery and enterprise file sync and share solutions. The company’s offerings work across cloud, hybrid-cloud, on-premises and at the edge to protect customers. For good measure, the company also said it employs artificial intelligence and blockchain technology to bolster its services.

Highlighting its age as a late-stage startup, Acronis’ numbers are impressive: The company said it has more than 5 million users and 500,000 businesses, including 80% of the Fortune 1000 companies. Employee headcount tops 1,400, with 50,000 partners and service providers offering Acronis’ cyberprotection products in 150 countries.

“In 2018, Acronis achieved 20% business growth and in 2019 it is on track for over 30% growth with the Acronis Cyber Cloud business growing by over 100%,” founder and Chief Executive Officer Serguei Beloussov said in a statement.

Beloussov added that some of the funding would be used to fast-track the roll-out of the Acronis Cyber Platform, a recently launched product hat allows developers to integrate and extend their applications and services with cyber protection solutions while connecting and selling them to Acronis channel partners.

As a 16-year-old company, the obvious question is whether Acronis has any intention of going public. The company has given no recent indications that it plans to do so but has nearly gone down the path before, with Beloussov having considered the idea in 2015. Ultimately, with this funding injection, the company likely doesn’t need to go public anytime soon.

Acronis’ direct competitors include Veeam Software Inc., which raised $500 million in January, along with Rubrik Inc., which raised $261 million also in January, and Cohesity Inc., which raised $250 million in June 2018.

Including the new funding, Acronis has raised $158 million to date.

Image: Acronis