3 SaaS Startups in the Data Storage Industry

January 24, 2023

SaaS startups have become the darling of Venture Capital investors, especially in the Data Storage industry. Over the past decade, software has proverbially “eaten the world” and SaaS companies have scaled to become unicorn corporations in staggering amounts of time.

In this article, we are examining 3 VC funded SaaS startups in the Data Storage industry.

Druva

Data management and protection are provided by DruvaTM for the cloud era. The AWS-based Druva Cloud Platform provides business data resilience that is globally accessible, endlessly scalable, and wholly autonomous. By relieving themselves of the burden of unneeded hardware, capacity planning, and software administration, customers may save expenditures by up to 50%. By turning backup data into an asset that is more open and accessible thanks to Druva's proprietary cloud architecture, users can streamline governance, boost cyber resiliency, and obtain crucial insights that help them find opportunities and hasten decision-making.

Company details:
Founders:
Jaspreet Singh, Milind Borate, Ramani Kothandaraman
Founded:
2008
Based in:
Sunnyvale, California, United States
Website:
Druva
Industries:
Cloud Data Services, Cloud Security, Compliance, Data Storage, Enterprise Software, SaaS, Software
Latest funding:
$147,000,000
Series H
19 April 2021
Total funding:
$475,000,000
Investors
Hercules Capital, Neuberger Berman Group, Viking Global Investors, Sequoia Capital India, Nexus Venture Partners

NVISIONx

NVISIONx is a cutting-edge SaaS cybersecurity startup that finds solutions to the problems behind why breaches continue to occur and why maintaining privacy is so challenging. To maximize performance, the organization decodes the most important data and aligns it with current cyber measures.

Company details:
Founders:
Glen Day
Founded:
2018
Based in:
Playa Vista, California, United States
Website:
NVISIONx
Industries:
Cyber Security, Data Storage, SaaS, Security, Software
Latest funding:
$4,600,000
Seed
27 January 2022
Total funding:
$4,700,000
Investors
Gaingels, EXPERT DOJO, SixThirty, Morgan Stanley, Companyon Ventures

OwnBackup

OwnBackup is a provider of cloud data protection and backup system for companies using Salesforce. The cloud-to-cloud backup and restore vendor, provides secure, automated, daily backups of SaaS and PaaS data, as well as data to compare and restore tools for disaster recovery. It helps more than 2,000 businesses protect critical cloud data, OwnBackup covers data loss and corruption caused by human errors, malicious intent, integration errors, and rogue applications. Built for security and privacy, OwnBackup exceeds the General Data Protection Regulation (GDPR) requirements for backed-up data. Co-founded by seasoned data-recovery, data-protection, and information-security experts, OwnBackup is a top-rated backup and restore ISV on Salesforce AppExchange and was awarded the Salesforce Appy Award in 2018.

Company details:
Founders:
Ariel Berkman, Daniel Gershuni, Eran Cohen, Ori Yankelev, Sam Gutmann
Founded:
2012
Based in:
Englewood Cliffs, New Jersey, United States
Website:
OwnBackup
Industries:
Cloud Computing, Cloud Security, Data Storage, Enterprise Software, SaaS
Latest funding:
$240,000,000
Series E
10 August 2021
Total funding:
$507,250,000
Investors
Tiger Global Management, Insight Partners, Vertex Ventures, Sapphire Ventures, Salesforce Ventures

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