OwnBackup: Venture Capital Investors and Executive Teamįast forward to August 2021, and the OwnBackup Series E funding round was co-led by Alkeon Capital and B Capital Group, including a secondary investment in the company by BlackRock Private Equity Partners and Tiger Global. Indeed, he previously co-launched, built and sold Intronis - a cloud backup provider that Barracuda Networks has owned since 2015. OwnBackup’s rapid growth and funding represents quite an encore for CEO Sam Gutmann, an entrepreneur who joined the company at the very early stages of its business.Īlthough OwnBackup is perhaps best known in the enterprise cloud data protection market, Gutmann is well-respected in the MSP and SMB markets. OwnBackup currently provides cloud data protection, sandbox seeding and data archiving solutions for nearly 4,000 organizations worldwide, the company says. Still, this is more than a cloud-to-cloud application backup story.
But the company now plans to expand its service to support Microsoft Azure and Dynamics 365 cloud backup. OwnBackup is best known for its ability to back up customer data from the cloud. Translation: Venture capitalists believe OwnBackup’s valuation has surged a rather amazing $1.9 billion or so from early 2021 to mid-2021. The Series E funding arrives only about seven months after OwnBackup raised $167.5 million in Series D funding at a $1.4 billion valuation.
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