InvestorQ : Why has the start-up Druva raised nearly $150 million of funding?
Dia Deshpande made post

Why has the start-up Druva raised nearly $150 million of funding?

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swati Bakhda answered.
8 months ago
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Druva Inc is a start-up that is largely focused on Cloud data management and related Dev Ops. Druva Inc has now raised $147 million in its latest funding round from CDPQ of Canada, which is also known as the Canadian Pension Fund. This particular deal values Druva at $2 billion of enterprise valuation. It is not just Druva but even others like Viking Global and Atreides Management that have also participated in the stake buy.

Druva cloud platform allows business organizations to centrally protect their vital data, irrespective of the location of business. Thanks to the pandemic and the lockdown, there has been a distinct shift to cloud based operations in the post-pandemic scenario. This has got accentuated in the light of the distributed workplaces concept. Druva has a collaboration with Dell Technologies of the United States.

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