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Home > Cybersecurity > OwnBackup secures $50M in funding

OwnBackup secures $50M in funding

OwnBackup announced $50 million in new funding led by Insight Partners, with participation from Salesforce Ventures and Vertex Ventures.


Erdem Yasar Erdem Yasar
July 9, 2020
1 min read
OwnBackup secures $50M in funding

Cloud-to-cloud business continuity platform, OwnBackup announced that the company has raised $50 million in Series D funding. The funding round was led by Insight Partners, with participation from Salesforce Ventures and Vertex Ventures. Existing investor Innovation Endeavors also participated in the follow-on round. The company also stated that the latest round brings the company’s total funding to over $100 million. According to the announcement, the additional capital will be used to accelerate product development and scale go-to-market functions.

Recent highlights of OwnBackup:

  • Achieved approximately 100 percent year-over-year revenue growth for two years running
  • Earned 98 percent five-star reviews in the Salesforce AppExchange
  • Supports over 2,000 customers, such as AECOM, athenahealth, Michigan State University, and Navy Federal Credit Union, securing 60 trillion SaaS and PaaS records
  • Employs more than 220 people globally, with headcount growth of 200% over the past two years
Sam Gutmann, CEO of OwnBackup
Sam Gutmann, CEO of OwnBackup

Sam Gutmann, CEO of OwnBackup said,

“This oversubscribed round signifies investors’ recognition of our early dominance in a huge addressable market. In today’s uncertain climate, more CIOs and CEOs realize the importance of building greater resiliency into their business. We’re committed to keeping their operations running around the clock with enterprise-grade, set-it-and-forget-it monitoring, and recovery, both during the COVID-19 pandemic and over the long term.”

See more Cybersecurity News


Tags: OwnBackup
Erdem Yasar

Erdem Yasar

Erdem Yasar is a news editor at Cloud7 News. Erdem started his career by writing video game reviews in 2007 for PC World magazine while he was studying computer engineering. In the following years, he focused on software development with various programming languages. After his graduation, he continued to work as an editor for several major tech-related websites and magazines. During the 2010s, Erdem Yasar shifted his focus to cloud computing, hosting, and data centers as they were becoming more popular topics in the tech industry. Erdem Yasar also worked with various industry-leading tech companies as a content creator by writing blog posts and other articles. Prior to his role at Cloud7 News, Erdem was the managing editor of T3 Magazine.

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