NTT-backed data management software producer Druva has closed a $130m round led by Viking Global Investors and acquired M12-backed data transfer platform CloudLanes.
Druva, a US-based cloud data management software provider backed by telecommunications group NTT, attracted $130m yesterday in a round led by hedge fund Viking Global Investors.
Riverwood Capital, Tenaya Capital and Nexus Venture Partners also contributed capital, as did certain funds advised by Neuberger Berman and Atreides Management. Druva is now valued at “well past the $1bn mark,” CEO Jaspreet Singh told TechCrunch.
Founded in 2008, Druva operates a cloud platform that enables users to manage and secure enterprise data,…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
