The company, which develops cloud backup and data recovery solutions, raised $ 167.5 million in the fourth round, valued at $ 1.4 billion. The recruitment was led by Insight byTowers, Salesforce Ventures and Sapphire Ventures, with participation from existing investors Innovation Endeavor, Vertex Ventures and Oryzen Capital.
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Six months ago, ObBackup announced a $ 50 million fundraiser, and now has a cumulative funding amount of more than $ 267.5 million.
OnBackup was founded in 2015 by Aran Cohen and Ariel Berkman, and currently employs 250 people worldwide, 70 of them in Israel. The company operates from New Jersey and has a development center in Israel.
“From day one, we believed that no cloud company should lose data in any case. We are fully focused on realizing our vision – companies managing all their data in SaaS through a single interface , To allow to back up and secure “. Sam Gutman, CEO of ownbackup.
According to the company, the additional funding will support ongoing investment in global expansion and expand the OnBackup platform to help companies manage and secure their most important data.
The company’s 3,000 customers include AECOM, Aston Martin, Siena, Delivery Hero, Guideware Software, Make-A-Wish Foundation Medtronic, Navy Federal Credit Union, Singapore Economic Development Board and University of Miami. Last quarter, the company added more than 400 new customers, such as Crocs and Zoom.