INSUBCONTINENT EXCLUSIVE:
Clumio, a 100-people startup that offers a SaaS-like service for enterprise backup, today announced that it has raised a $135 million Series
C round, led by existing investor Sutter Hill Ventures and new investor Altimeter Captial
but the company is not disclosing its valuation at this point.The overall mission of Clumio is to build a platform on public clouds that
gives enterprises a single data protection service that can handle backups of their data in on-premises, cloud and SaaS applications
in the business of managing software or infrastructure and all that, because the whole reason to move to the cloud was essentially to get
is to make it easier for enterprises to protect the cloud-native applications they are building now
The company today launched this service for AWS and will likely expand it to other clouds like Microsoft Azure, soon.The market for
enterprise backup is only going to expand in the coming years
being architectural dead ends
And those companies never ever end up winning
that were previously buying high-end systems and data centers
app, with more to follow, as well as support for backup in more regions and clouds
Next year, it plans to support international regions as well.Kumar stressed that he wants to build Clumio for the long run, with an IPO as
