News

Howard Fischer Associates’ Client Druva, Inc. Receives a New $130 Million Investment

2019-07-08T15:59:42+00:00

The latest investment raises the valuation of the company to more than $1 billion

HFA client Druva Inc, a cloud data protection provider, has reached unicorn status – a valuation above $1 billion – with its latest round of funding, led by Viking Global investors, pushing total capital raised to $328 million. New investors Neuberger Berman and Atreides Capital and existing backers Riverwood Capital, Tenaya Capital, and Nexus Venture Partners also took part in the deal. The latest investment will be used to fuel growth and global expansion, as well as drive new product innovations.

HFA recently helped Druva place Holly Cafiero as Chief Human Resources Officer. Holly brings nearly two decades of experience, at businesses including Cloud Technology Partners (HP), EnerNOC, and Hologic.

Built on Amazon Web Services (AWS), Druva’s software-as-a-service platform provides data backup and restoration, ransomware recovery, and other services. Their solution is in a market dominated by legacy hardware vendors, and Druva enables customers to eliminate complexity and drive down costs by up to 50 percent.

To learn more about Druva, please click here.