SaaS unicorn Druva, which manages data for NASA, Pfizer, and GameStop, raises $147 million; valuation crosses $2 billion

SaaS unicorn Druva, which manages data for NASA, Pfizer, and GameStop, raises $147 million; valuation crosses $2 billion
Druva
  • Druva, the Indo-US cloud data protection and management unicorn, has raised $147 million in a new round of funding.
  • The funding was led by Caisse de dépôt et placement du Québec (CDPQ), a global investment group along with US-based investment firm Neuberger Berman.
  • Druva is a SaaS (Software as a Service) startup which was founded by Jaspreet Singh and Milind Borate in 2008.
Druva, a cloud data protection and management unicorn, has raised $147 million in a new round of funding. The funding was led by Caisse de dépôt et placement du Québec (CDPQ), a global investment group along with US-based investment firm Neuberger Berman, while it also saw participation from the startup’s existing investors Viking Global Investors and Atreides Management.

With this, the company’s valuation has soared above $2 billion. California and Pune-based startup Druva had entered the unicorn club in June, 2019 when it had raised $130 million in a round led by Viking Global investors.

“The unprecedented events of 2020 have ushered in a generational cloud transformation for businesses, and data‘s increasing value is at the very heart of it. Druva pioneered the cloud data protection category almost a decade ago and has led the way in defining the architecture, business model, and user experience our customers now expect,” said Jaspreet Singh, founder and chief executive officer of Druva, in a statement.

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Druva is a SaaS (Software as a Service) startup which was founded by Jaspreet Singh and Milind Borate in 2008. Its patented cloud architecture enables cyber governance, improves cyber resiliency, and helps customers gain critical insights.

Druva claims to have seen massive surge during the COVID-19 pandemic as companies transformed rapidly to adapt to digital. “In the last year, the company’s data under management has grown by more than 40% as Druva supports industry leaders, disruptors, and pioneers including GameStop, Marriott, NASA, National Cancer Institute, Pfizer, and Regeneron Pharmaceuticals,” said the company.


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