Dhruva Software PVT. LTD
Dhruva software is a cloud data protection and management software company based in Pune. It specialises in endpoint backup, data loss prevention, secure file sharing, cloud server backup and archiving, server backup and disaster recovery.
| Private Company | |
| ISIN | 🆔 |
| Founded 📆 | 2008 |
| Founder 👔 | Jaspreet Singh, Milind Borate, Romani Kothandaraman |
| Headquarters 🏙️ | , , |
Area served 🗺️ | Asia Pacific, Middle East, America, South Asia |
| Services | Data Maintainance |
| Revenue🤑 | $100 Million |
| Total assets | $1 billion |
| Members | |
Number of employees | 700 |
| 🌐 Website | www.druva.com |
| 📇 Address | |
| 📞 telephone | |
History
It was founded by an alumnus of IIT-Guwahati, Jaspreet Singh, along with Milind Borate and Romani Kothandaraman, who were his colleagues at tech company Veritas. The three engineers pooled savings of about RS 300,000 to launch the company, renting out a room in suburban Pune in 2008. They successfully built a data security and retrieval software company. After realising the core portion of this market would remain with large firms, the company focused on protecting endpoint devices including smartphones, laptops, and tablets.
Business
It is built on Amazon Web Service platform. It has 4000 customers including Marriott, US space agency NASA and drugmaker Pfizer. It offers software as a service for backup, disaster recovery, archival, and analytics on the cloud. It is investing in new solutions around data intelligence using machine learning analytics and providing more workload coverage. It has a team of about 700 people and will expand that to 1000 by the end of 2019. It also has an R&D facility in Pune. It is present in seven countries and planning to expand in other countries also. Its revenue is nearly $100 million in 2019 and is growing at 50% per year. In 2019, it acquired USA-based cloud protection firm Cloudlane in an undisclosed sum of money.
Funding
In 2010, it raised $5 million in series A funding led by Sequoia capital India, Angel investor Indian Angel Network (IAN).
In 2011, it raised $12 million in series B funding led by Nexus Venture Partner and existing Sequoia capital India.
In 2013, it raised $25 million in series C funding led by Sequoia capital India, Nexus Venture partner and Temaya capital.
In 2014, it raised $25 million in series D funding.
In 2016, it raised $51 million in a funding from Sequoia capital India, EDBI, Blue cloud Venture and Hercules capital.
In August 2017, it raised $80 million in a funding led by US based Riverwood capital.
In 2019, it raised $130 million in a new funding led by Viking Global Investors.
Awards and Recognition
- Recognised in Deloitte's technology fast 500 in three consecutive years.
References
1. Sarimul Islam Choudhury (6 April 2010) sequoia-leads-5m-series-round-druva-software Vc circle.
2. 8 August 2019 Druva-Expands-Executive-Team-Company-Continues-Phase Business Wire.
3. Narinder Kapur (19 July 2019) sequoia-nexus-backed-unicorn-druva-acquires-cloud-data-firm-cloudlanes VC Circle
4. Peerzada Abrar (20 June 2019) data-protection-startup-druva-s-valuation-crosses-1-bn-joins-unicorn-club Business Standard .
5. 11 June 2019 New-Druva-Global-Headquarters-Marks-Major-Milestone Business Wire.
6. Priyanka Sangani (20 June 2019).data-protection-firm-druva-joins-the-unicorn-club-with-130m-funding ETtech.
7. J Vignesh ( 23 August 2017 ) druva-raises-80-million-funding-from-riverwood-capital Economic Times.
8. Priyanka Sangani ( 21 June 2019 ).130m-funding-brings-unicorn-tag-to-druva Economic Times.
9. Sadhana Chathurvedula, Ashna Ambre ( 7 September 2016 ) www.livemint.com Livemint. 10. enterprise-software-maker-druva-raises-51-million-in-funding-led-by-sequoia 10.
External links
www.druva.com
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