The Startups to look forward in 2014 – Druva

Name of Founder (s): Jaspreet Singh, Milind Borate, and Ramani Kothandaraman
Industry: Software (endpoint data protection)

What it offers: Druva inSync is an integrated suite of endpoint data protection and governance solutions specifically designed for mobile enterprise. The key aspect that Druva plays on is that any individual in an organization seemed to duplicate data, e mails, and documents across various users. The company figured out if that if they can use a technology at the source before backup really starts, to reduce duplicity it may have the ability to cut down data by huge percentage and this may be a sales killer and prove very disruptive. 

Growth Details & Expansion Plans: In the past year, Druva’s customer base has increased from 1,500 to 2,500 and the number of endpoints protected has grown from 1 million to 1.7 million. In addition, the number of Druva employees has increased from 154 to 200 since 2012. Druva is currently focused on expanding its channel presence and moving from a direct to indirect sales model.

Investors & Amount raised: Druva got its first round in funding from Indian Angel Network (IAN). The company has raised over US $42M to date from investors like Sequoia Capital, Nexus Venture Partners and Tenaya Capital.

Source:Economic Times

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