Fundz

Hycu Locks Down Additional Funding To Grow Its Cloud Data Protection Business

Jun 09, 2022

Round Type

Funding Round

Softwareinformation technology & services

Description

Hybrid Cloud Up Time (HYCU), a self-described “backup-as-a-service” company for customers managing hybrid and multi-cloud environments, today announced that it raised $53 million in a “majority equity” Series B round led by Acrew Capital with participation from Bain Capital Ventures, Atlassian Ventures, and Cisco Investments. In an email interview with TechCrunch, CEO Simon Taylor said that the proceeds will be put toward expanding HYCU’s 300-person team with a particular focus on customer success and partnerships as well as funding the development of new products and services, including a software-as-a-service product.

Quick answer

HYCU raised an undisclosed amount in a Funding Round round, dated June 9, 2022.

How much did HYCU raise?
HYCU raised an undisclosed amount in a Funding Round round on June 9, 2022.
What does HYCU do?
At HYCU, we believe that every business should be safe.
Where is HYCU based and how big is it?
Fundz records about 280 employees.
Who are the decision-makers at HYCU?
Fundz holds 1 contact at HYCU, including the CEO - Founder. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in information technology & services and Software around the same time

Companies in the same sectors as HYCU that raised within 45 days of this round, from Fundz verified event records.

  • Radancy raised an undisclosed amount (Corporate Round) on July 20, 2022.
  • Healthie raised $17M (Funding Round) on July 20, 2022.
  • Modular raised $30M (Seed) on June 30, 2022.
  • Instanda raised $45M (Funding Round) on June 20, 2022.
  • AlphaSense raised $225M (Funding Round) on June 16, 2022.
  • MoEngage raised $77M on June 10, 2022.

Who to call at HYCU, and when

A new round usually means HYCU is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day HYCU raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at HYCU, from your own LinkedIn network

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Company Information

Company

HYCU

Location

27-43 Wormwood St

About

At HYCU, we believe that every business should be safe. Our mission is to build a safer world. With our data protection as a service platform, we make it easy for you to move your data freely, easily, and safely without the burden of managing and scaling backup infrastructure. HYCU is: Built for your tech stack, today and tomorrow​ Engineered to ​ be shockingly ​simple Designed for the ​people behind the​ data​ As an award-winning and recognized visionary in the industry, HYCU solutions eliminate complexity, risk, and the high cost of legacy-based solutions, providing data protection simplicity to make the world safer. With an industry-leading NPS score of 91, customers experience frictionless, cost-effective data protection, anywhere, everywhere.

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Fundz sees it the moment HYCU raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

1 contact
Verified contactsSimon T., CEO - Founder hiddenSee plans and pricing
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HYCU raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.