Salesforce Ventures returned for a round that pushed the data backup technology developer's total funding past $100m and doubled its valuation.
US-based software backup technology provider OwnBackup raised $50m on Tuesday from investors including Salesforce Ventures, enterprise software producer Salesforce’s corporate venture capital vehicle.
Growth equity firm Insight Partners led the round, which also featured Singaporean state-backed venture capital firm Vertex Ventures and fellow VC firm Innovation Endeavors. It took the company’s total funding to more than $100m, it said.
Founded in 2015, OwnBackup produces software that helps organisations automate the regular backup of data across various clouds, protecting it from…
