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    Home»Fundraising»Cloud protection firm OwnBackup nears $3.35 billion valuation
    Fundraising

    Cloud protection firm OwnBackup nears $3.35 billion valuation

    August 10, 20211 Min Read
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    U.S.-Israeli cloud data protection firm OwnBackup said on Tuesday it raised $240 million in a late-stage funding round to bring its valuation to near $3.35 billion.

    The round was co-led by Alkeon Capital and B Capital Group, and included a secondary investment in the company by BlackRock Private Equity Partners and Tiger Global. Existing investors Insight Partners, Salesforce Ventures, Sapphire Ventures, and Vertex Ventures also participated.

    OwnBackup has raised a total of nearly $500 million, while also announcing plans to expand its backup and recovery solutions across other cloud platforms later this year, beginning with Microsoft.

    Read more/Source: Reuters

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