Druva acquired AWS backup and disaster recovery specialist CloudRanger […]. Founded. They wanted to change that. Druva doesn’t provide detailed financials but it disclosed in September last year that it is growing at 60% and is on track to reach recurring revenue of $100 million at the end of the fiscal year. Ltd. Ramani is an alum of Cranfield University U.K., who has spent 18+ years at different roles in Public and Private sector, working across several countries. Founders. It has raised $198 million so far with investments from Tenaya Capital, NTT Finance, Nexus Venture Partners, Sequoia Capital, EMC Ventures, Riverwood Capital, Hercules Capital, and Indian Angel Network. The investors in Druva are known to have made a significant difference to IT and IT Enabled Services in India which today employs thousands of individuals”, says Ramani Kothandaraman, Founder and CEO of Druva Software Pvt. Social media. a*****@*** +91 97300 ***** Show profile. The company delivers data protection and management for the cloud. We are looking ahead at years of continued triple digit growth rate” says Jaspreet Singh co-founder and VP Business Development. Phone. As of July 2018, Druva claimed approximately 4,000 customers at the midmarket and enterprise levels. In July last year, Druva also strengthened its senior leadership team with the appointment of Thorsten Freitag as Chief Revenue Officer and Sherry Lowe as Chief Marketing Officer. The privately held company was founded in 2008 by Jaspreet Singh, Milind Borate and Ramani Kothandaraman. It has grown from being a laptop-backup services provider to a maker of data protection and information management suites for large enterprises. Till date, Druva has raised $328 million risk capital. Talent acquisition and retention. Various analyst reports predict its growth to be further driven by availability, compliance and security concerns. This product is targeted at medium to large enterprises. It was launched by IIT-Guwahati alumnus Jaspreet Singh along with Milind Borate and Ramani Kothandaraman in … Based on the recently disclosed 60% growth rate for 2018, we estimate revenue of $234-$251 million for 2018. ramani kothandaraman Druva raises $80 million funding from Riverwood Capital Given the increased threat of cyber attacks such as the ransomware WannaCry in recent months, the timing of the investment is just right for Druva. View Ramani Kothandaraman’s profile on LinkedIn, the world’s largest professional community. Druva. Druva was founded in Pune, but after it gained traction, it shifted its headquarters to Sunnywale, California. Druva, the creator of data protection solutions for SMEs, announced this morning that it has raised $12 million in series B funding. Founded in 2008 in Pune by Jaspreet Singh along with Milind Borate and Ramani Kothandaraman, Druva will deploy the fresh capital towards product innovation and increase market share. It was back in 2008 that Milind Borate, Jaspreet Singh and Ramani Kothandaraman set out to create a … Indian Angel Network is the first pan-India Angel network with successful entrepreneurs and high profile CEOs interested in investing in early stage businesses across India having potential to create significant value. Druva inSync is a unique product offering enterprise CDP for laptops and desktops. 1 crore. becoming a 1M/1M premium Druva Europe Limited has been running for 10 years. In the past few years, Druva has set up subsidiaries in Japan and Germany, and has opened offices in the UK, Australia, and Singapore. A company that builds product for backups and data protection aimed … Today, it provides an industry-leading data management-as-as service platform that unifies data protection, governance, and intelligence across enterprise data. Jaspreet is a young entrepreneur and graduate from IIT Guwahati. Druva has raised USD 80 million in a new funding round led by Riverwood Capital Ventures. Its revenues had crossed $15 million in 2013. Druva was founded in 2008 by Singh, Milind Borate and Ramani Kothandaraman, who were colleagues at Veritas Software. In September 2016, it raised $51 million at an undisclosed valuation. He worked here for two years before quitting to found his company, Druva, in 2007. We'll assume you're ok with this. Unicorn sighting: Druva lands $130M for its cloud-native data protection service - SiliconANGLE. Druva inSync Founded in: 2007 Founders: Jaspreet Singh, Ramani Kothandaraman, Milind Borate What makes it cool: Succeeded in a short span in a field dominated by … Ramani Kothandaraman. ... Druva competes globally … Druva last year acquired Letterkenny, Ireland-based CloudRanger, which streamlines backups, disaster recovery, and server control for AWS Cloud. There are currently 2 active directors according to the latest … Druva has also built an extensive security model, employing a security-by-design approach, which has made the company one of the few HIPAA- and FedRAMP-audited organizations in the cloud. Druva’s cloud platform is built on Amazon Web Services (AWS). Druva's Journey Druva was founded in 2008 by CTO Milind Borate, CEO Jaspreet Singh, and Ramani Kothandaraman to cater to the disaster recovery market. The business aims to provide data solutions and data protection to different enterprises. It last raised $80 million in August 2017 at an estimated valuation of $500-$600 million. So, extrapolating from these two conversations, Druva should have been at over $50 million annual revenue in 2015. The terms of the deal were not disclosed. Can 1M/1M Help Me With Business Development? Founded in: 2008. Financing status: USD 80 million for undisclosed round in 2017. Druva was founded in 2008 by CTO Milind Borate, CEO Jaspreet Singh, and Ramani Kothandaraman. Jaspreet Singh, Milind Borate, Ramani Kothandaraman. Various trademarks held by their respective owners. In an earlier roundtable in October 2014, Naren Gupta of Nexus Venture Partners mentioned that they’re doing $10 million a quarter. ongoing information, please CloudRanger was integrated into the Druva Cloud Platform within 60 days. Will I Have Private 1-on-1 Sessions In 1M/1M? In 2015, it recorded five consecutive years of 100% growth and at a June 2015 1M/1M Roundtable, Jaspreet mentioned that the company was operating at revenues between $10 million and $50 million. “Druva is happy to get strategic seed investment from veterans of Indian IT industry. Ramani Kothandaraman Druva Inc - Co-Founder. The three had worked together at data management firm Veritas Software. Both CloudRanger and Druva employ a cloud-native architecture that enables immediate integration and enhancements. Based on 70%-80% growth rate, we estimated 2016 revenue of $85-$90 million and forecast 2017 revenue of $144-$157 million. Druva products aggregate enterprise data from endpoints, data center, and cloud workloads for backup and restore, compliance monitoring, security, and other uses. How Does 1M/1M Democratize Management Consulting? All rights reserved. Druva is Cloud data protection and management startup founded by Jaspreet Singh, Milind Borate and Ramani Kothandaraman in 2008. Druva Software is a startup with software product offerings for Business High Availability and Continuous Data Protection (CDP). Why Is It Important To Study With 1M/1M Now? Druva is one of the prime examples of building a global technology company from India. sign up here. We think this could be one of the first potential big Indian IT winner in the huge global enterprise product space…” says Milind Borate, CoFounder and CTO. Data protection start-up Druva raises $80 millionDruva, a data-protection start-up that counts NASA and French fashion brand Louis Vuitton among its customers, announced a $80 million growth equity fu In 2016, it achieved 300% growth in Phoenix revenue and overall revenue grew at 70%-80%. The key investors in Druva are Vikig Global Investors, Riverwood Capital, Nexus Venture Partners, Sequoia Capital and Tenaya Capital. Druva Inc was initially established in Pune, but after getting sufficient traction, the company shifted its base to Silicon Valley in order to transform into a global products company. It now looks ready for an IPO. “With our CDP offerings, we endeavour to offer significantly better and complete replacement for traditional backups. Druva was bootstrapped initially, and after proving its product and capabilities, it received its first institutional funding of $5 million from Sequoia Capital India and Indian Angel Network in 2010. Milind Borate - In 2008, Jaspreet Singh, Ramani Kothandaraman, and I founded a technology startup, Druva. About 72% of its customers are in the Americas, while the rest are spread across Europe and Asia. See the complete profile on LinkedIn and discover Ramani’s connections and jobs at similar companies. Phoenix is a cloud-based backup service that lets organizations store data indefinitely with limitless snapshots and flexible retention policies, while ensuring lower backup costs. Milind is a IITB alumnus. According to Inc42 magazine, Druva concentrated on building high-end software products. 5 free credit every month. Other core products include the endpoint backup platform InSync and remote server backup product Phoenix. Druva was founded in 2008 by CTO Milind Borate, CEO Jaspreet Singh, and Ramani Kothandaraman. Employee contacts. The 15 Largest Global Startup Funding Rounds of June 2019. by Reza Chowdhury. Druva was founded in Pune by Singh, an Indian Institute of Technology-Guwahati graduate, along with Milind Borate and Ramani Kothandaraman back in 2008. Founders: Jaspreet Singh along, Milind Borate and Ramani Kothandaraman. KOTHANDARAMAN, Ramani Correspondence address Devonshire House, 60 Goswell Road, London, EC1M 7AD . It has also set up cloud data center offerings in Canada, the UK, and Hong Kong that would satisfy national and regional data protection requirements. More often than not, you faced issues when you tried to restore data that was backed up months ago. SaaS Companies: You Have An Unprecedented Opportunity, recorded five consecutive years of 100% growth, roundtable in October 2014, Naren Gupta of Nexus Venture Partners mentioned that they’re doing $10 million a quarter. Milind Borate founded Druva along with Jaspreet Singh and Ramani Kothandaraman, in 2007 (Photos: Special Arrangement) “We got recognised by Gartner (World’s leading research and advisory company) as the number one data protection and recovery product in 2013-14,” says Borate, 46, who founded Druva along with two other software programmers, Jaspreet Singh and Ramani Kothandaraman… The Network has more than 65 members who have made around 11 investments in the last 20 months in multiple sectors like Information Technology, Mobile, Education, Internet, Intellectual Property and Hospitality. Why Does 1M/1M Partner With Local Organizations? Global data protection and availability is a rapidly growing segment within Storage domain. Data protection solutions had become cumbersome to deploy and manage. Organizations are able to ensure mobile data backup, data loss prevention, and data governance along with file sharing and access capabilities. CloudRanger has raised a total of $1.1 million in funding and had an estimated annual revenue of $2 million. Druva was founded by Jaspreet Singh, Milind Borate, and Ramani Kothandaraman in 2008. Druva Inc. is a privately-held software company based in Sunnyvale, California.The company provides SaaS-based data protection and management products for corporations and government agencies. It protects and manages over 100PB of data worldwide for over 4,000 enterprises including NASA, Pfizer, hospitality giant Marriot, NBC Universal, Dell, Hitachi, ServiceNow, Stanford University, Continental, Emerson, Flex, Fujitsu, and defense equipment maker Lockheed Martin.
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