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OwnBackup Closes $3.5 Million Series A

OwnBackup, a leading cloud-to-cloud backup and recovery vendor, today announced the close of a $3.5 million Series A financing round led by Eric Schmidt's Innovation Endeavors with participation from Oryzn Capital. The company will use the investment to accelerate its global growth, drive continued product innovation and significantly expand its engineering, development, sales and marketing teams.

"The increasing reliance on SaaS and PaaS environments will create new security and compliance challenges in the years ahead, but innovators like OwnBackup are helping organizations protect and recover that data when needed," noted Yuval Shachar, investment partner at Innovation Endeavors. "Led by data recovery visionaries, OwnBackup will quickly become the go-to solution for organizations that want to ensure they have the same level of data protection in their cloud environments as their on-premise applications."

OwnBackup already helps hundreds of customers across a variety of verticals protect critical cloud data-with a focus on Salesforce and the Force.com platform. From large Fortune 500s to non-profits, customers rely on its  innovative technology to secure billions of SaaS records every day, prevent data corruption and meet compliance mandates.

OwnBackup provides automated cloud-to-cloud backup and best-in-class restore tools to minimize operational disruptions, ensure business continuity and meet compliance requirements. While designed for mid-sized and large enterprises that want to protect their business-critical SaaS application data, OwnBackup goes beyond basic backup and recovery to also provide customers with the tools they need to do more with their data.

"There is an enormous industry demand for automated, cloud-to-cloud backup and restore solutions, and we are the only vendor currently able to deliver. Organizations want to be able to easily manage and fully protect application data-regardless of where it lives," said Sam Gutmann, CEO of OwnBackup. "This investment will help us fulfill our vision of becoming the single pane of glass for an enterprise to manage and protect all SaaS and PaaS application data stored in the cloud."

Today, OwnBackup also officially graduates from the Microsoft Ventures Accelerator Program in Israel. "We were excited to work with the OwnBackup team over the past four months to help them achieve their vision and connect them with enterprises around the globe," said Navot Volk, managing director, Microsoft Ventures Israel.

To learn more, check out how athenahealth protects over 180 million Salesforce records with OwnBackup.

Published Thursday, February 04, 2016 8:41 AM by David Marshall
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