Sunday, February 25, 2024
HomeTop NewsOwen Backup raised $ 167.5 million, valued at $ 1.4 billion

Owen Backup raised $ 167.5 million, valued at $ 1.4 billion

Published on

spot_img

Company Own backup,
Developing cloud backup and data recovery solutions, it raised $ 167.5 million in the fourth round of funding and raised $ 1.4 billion. Insight led the appointment Written byTenners, Sailforce Ventures and Sapphire Ventures in partnership with existing investors Innovation Endowments, Vertex Ventures and Oris Capital.

Read more on Calcalist:

Six months ago, Owen Backup announced $ 50 million in funding, and now its total funding stands at more than $ 267.5 million.

Eran Cohen and Ariel Berkman founded Overback in 2015, currently employing 250 people worldwide, 70 of whom are in Israel. The company operates out of New Jersey and has a development center in Israel.

Own backup employees

“From day one, we believe that no cloud company will ever lose data. We are fully focused on realizing our vision – to allow companies to manage, backup and secure security in SaaS through their interface,” he said. Sam Gatman, CEO of Overbackup.

Ariel Berkman, one of the founders of Owen Backup Ariel Berkman, one of the founders of Owen Backup Photo: OwnBackup Inc.

The company says the additional funding will support ongoing investments in global expansion and expand the overbackup platform to help companies manage and secure their most critical data on SaaS.

The company’s 3,000 customers include Aecom, Aston Martin, Siena, Delivery Hero, Guidewire Software, Make – a – Wish Foundation Foundation Medtronic, Navy Federal Credit Union, Singapore Economic Development Board and the University of Miami. The company added 400 new customers in the last quarter, including Crocs and Zoom.

Latest articles

5 Ways To Bet Responsibly in Ireland

From the thrill of soaring through the sky while skydiving to the adrenaline rush...

Ireland Must Appoint Carsley Despite Given’s Comments

Stephen Kenny's reign as Ireland manager came to an abrupt end after they failed...

HOW DID BINGO BECOME ONE OF UK’S LEADING FORMS OF ENTERTAINMENT?

Bingo did not originate in the UK, yet it was ingrained in the culture,...

Blackjack: Six Tips to Help You Win at Irish Casinos

If you are a fan of blackjack and enjoy trying your luck at Irish...

More like this

5 Ways To Bet Responsibly in Ireland

From the thrill of soaring through the sky while skydiving to the adrenaline rush...

Ireland Must Appoint Carsley Despite Given’s Comments

Stephen Kenny's reign as Ireland manager came to an abrupt end after they failed...

HOW DID BINGO BECOME ONE OF UK’S LEADING FORMS OF ENTERTAINMENT?

Bingo did not originate in the UK, yet it was ingrained in the culture,...