OwnBackup Raises $167.5 Million Investment from Insight Partners, Salesforce Ventures, and Sapphire Ventures
Jan 28, 2021•over 4 years ago
Amount Raised
$167 Million
Description
OwnBackup, a leading cloud data protection platform, today announced a Series D investment of $167.5 million co-led by Insight Partners, Salesforce Ventures, and Sapphire Ventures, with participation from existing investors Innovation Endeavors, Vertex Ventures, and Oryzn Capital. Following a $50 million financing announced just six months ago, OwnBackup’s cumulative funding now totals over $267.5 million. This further underscores the expanding market for cloud data protection and OwnBackup’s position as the platform of choice for nearly 3,000 customers.
Funding Insights
Based on industry dataTech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech