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…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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