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.
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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.
“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.
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.