Druva Revenue, Valuation, Funding & Investors
Druva is valued at $2B as of April 2021, a 20.0x multiple on its last reported $100M revenue.
Last Druva valuation
$2B
Series H · Apr 2021
Last Druva funding round
$147M
Series H · Apr 2021
Druva revenue
$100M
Series H · Apr 2021
Key investors in Druva
Nexus Venture Partners
Tenaya Capital
Peak XV Partners
Dell Technologies Capital
Viking Global Investors
Riverwood Capital
About Druva
Druva is a Sunnyvale-headquartered cloud data protection company built on AWS infrastructure. The Druva Cloud Platform provides backup, recovery, governance, and ransomware defense for endpoints, servers, and SaaS apps like Microsoft 365. Serving over 4,000 enterprises, Druva eliminates hardware needs and supports compliance with analytics for cyber resilience.
Founded
2008
HQ
San Jose, CAWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Revenue
$100M (Apr 2021)
Valuation
$2B (Apr 2021)
Druva Valuation
Druva is currently valued at $2B, based on its Series H in April 2021.
The $147M round was led by La Caisse, with participation from Atreides Management, Neuberger Berman, BluePointe Ventures and Viking Global Investors.
Druva's valuation has grown 9.1x from $220M at its Series D in August 2014 to $2B in April 2021, across 3 priced rounds.
Druva valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Apr 2021 | Series H | $2B | 20.0x |
| Jun 2019 | Series G | $1B | 10.0x |
| Aug 2014 | Series D | $220M | - |
Druva Revenue
Druva's latest recorded revenue is $100M, as of its Series H in April 2021. At a $2B valuation, that implies a 20.0x revenue multiple.
Revenue moved from $100M in June 2019 to $100M in April 2021, while the revenue multiple moved from 10.0x to 20.0x.
Druva revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Apr 2021 | $100M | $2B | 20.0x | Series H |
| Jun 2019 | $100M | $1B | 10.0x | Series G |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Druva Funding History
Druva has raised a total of $458M across 6 funding rounds.
Druva's first fundraising round was a $25M Series C in October 2013. The most recent completed round was a $147M Series H in April 2021.
Druva funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Apr 2021 | Series H | La Caisse (lead); Atreides Management; Neuberger Berman; BluePointe Ventures; Viking Global Investors | $147M | $2B | Druva is an India-born, Sunnyvale, California-headquartered SaaS company providing cloud data protection, backup, and management solutions, positioned as a 100% SaaS platform in a market shifting from legacy hardware vendors. It serves enterprises with data resiliency across cloud workloads, data centers, and SaaS applications, managing over 275PB of data and more than six billion backups annually for clients including GameStop, Marriott, NASA, Pfizer, Flex, Hitachi, Live Nation, and over 10% of Fortune 500 companies. Druva emphasizes cost savings up to 50%, one-click automation, and high ROI (253% per Forrester), with strong metrics like NPS 89. On April 19, 2021, Druva raised $147 million (Rs 1100 crore) in a Series H growth round led by La Caisse (CDPQ), with participation from returning investor Neuberger Berman, Atreides Management, BluePointe Ventures, and Viking Global Investors, valuing the company over $2 billion post-money and bringing total funding to $475 million. This followed a $130 million round in June 2019 led by Viking Global that reached unicorn status. The round included some secondary shares amid funds reaching end-of-life, with investors prioritizing company growth over quick returns. At the time, Druva's Annual Recurring Revenue (ARR) had crossed $100 million in December 2019, with data under management growing over 40% in 2020 and datacenter workload revenue up over 100% in 12 months through September 2020, driven by cloud adoption, SaaS shifts, cybersecurity needs, and pandemic-accelerated digital transformation. Customer base nearly tripled annual revenue in three years pre-2019 announcement, with 600+ data center customers (70% YoY growth) and 800+ cloud workload users (doubled in 18 months). Subsequent milestones include surpassing $100M ARR confirmation in late 2019, reaching $200M SaaS ARR by August 2023 with 5,000+ customers, 30% YoY customer growth, 300% MSP growth, and 200% security solutions growth, establishing it as the first at-scale SaaS data resiliency platform to hit that mark. Druva earned recognitions like Forrester leader, 3x Gartner Visionary, Gartner Peer Insights Customers’ Choice, and Forbes Cloud 100. |
| Jun 2019 | Series G | Viking Global Investors (lead); Tenaya Capital; Atreides Capital; Riverwood Capital; Neuberger Berman; Nexus Venture Partners | $130M | $1B | Druva is a cloud data protection and management company offering a SaaS platform for data resiliency across cloud, data center, and endpoint workloads, built entirely on AWS. It provides backup, disaster recovery, and security features for workloads like AWS services, SaaS apps such as Slack and Microsoft Teams, helping customers reduce costs by eliminating legacy hardware and enabling one-click automation. In June 2019, Druva raised $130 million in a Series G funding round led by Viking Global Investors, with participation from Neuberger Berman, Atreides Management, and existing investors Riverwood Capital, Tenaya Capital, and Nexus Venture Partners, achieving unicorn status at a $1 billion valuation. This brought total funding to $328 million, with plans to invest in innovation and strategic acquisitions. By the end of 2019, Druva announced it had surpassed $100 million in annual recurring revenue (ARR), capping a historic year that included the funding round, refreshed branding, and industry recognitions like a Strong Performer in the Forrester Wave for Data Resiliency Platforms and Deloitte Technology Fast 500. The company reported almost tripling its annual revenue over three years, fueled by cloud adoption and SaaS shifts, with over 600 customers protecting data center workloads (up 70% year-over-year) and strong customer satisfaction reflected in an NPS score of 86. Druva highlighted its growth momentum, including a more than 50% ARR increase over the prior two to three years and headcount expansion from 430 to 720. The 2019 milestones positioned Druva competitively in the data protection market against legacy hardware vendors, with analysts like IDC noting its strong product maturation and scale for long-term success as enterprises migrate to cloud. Subsequent growth saw Druva reach $200 million ARR by August 2023, with over 5,000 customers, 275PB of data managed, and 6 billion annual backups, alongside 30% customer base growth and 200% in security solutions. Earlier plans mentioned potential IPO within 12-18 months post-2019 round, though later rounds like a $147 million raise in 2021 valued it north of $2 billion. |
| Aug 2017 | Series F | Riverwood Capital (lead); Tenaya Capital; Nexus Venture Partners; Peak XV Partners | $80M | - | Druva is a cloud data management and protection startup offering a SaaS platform for backup, resiliency, and data protection across endpoints, infrastructure, apps, and cloud workloads, competing with EMC, Commvault, Veritas, and Rubrik. In August 2017, it raised $80 million in a growth round led by Riverwood Capital, with participation from Nexus Venture Partners, Tenaya Capital, Sequoia Capital India, and other existing investors, bringing total funding to nearly $200 million. The company reported 100% recurring revenues and gross margins over 70% at the time, serving about 4,000 business networks including customers like Continental, Emerson, Flex, and Fujitsu. It positioned itself for disruption in secondary storage due to cloud workload convergence. Observers noted potential to become India's first SaaS unicorn. Post-2017, Druva continued rapid growth, announcing surpassing $100 million ARR in December 2019 after almost tripling revenue in three years, with over 600 data center workload customers (up 70% YoY) and 800+ cloud workload customers (doubled in 18 months), serving 10% of Fortune 500 like Flex, Hitachi, Live Nation, Marriott, Pfizer. This followed a $130 million late-stage round led by Viking Global Investors. By August 2023, it exceeded $200 million SaaS ARR, managing 275PB data, 6 billion backups yearly for 5,000+ customers, with 30% customer growth and 300% MSP growth. |
| Sep 2016 | Series E | Peak XV Partners (lead); Tenaya Capital; Hercules Capital; NTT Finance; EDBI; Nexus Venture Partners; Blue Cloud Ventures | $51M | - | Druva is a cloud-based data protection and information management software company founded in 2008. The company provides backup and disaster recovery solutions for enterprise customers, with its platform designed to protect data across on-premises, cloud, and hybrid environments. In September 2016, Druva closed a Series E funding round of $51 million led by existing investor Peak XV Partners (then known as Sequoia Capital India) and joined by new investors EDBI and Blue Cloud Ventures, with contributions from existing backers including Nexus Venture Partners, Tenaya Capital, NTT Finance, and Hercules Capital. This round brought Druva's total capital raised to $118 million. At the time of the Series E round, Druva had achieved significant growth milestones including over 400 employees globally, direct subsidiaries in Japan and Germany, and an enterprise customer base expanded by more than 1,000 customers, with notable clients including NASA, Chipotle, Live Nation, Hulu, Marriott, Leidos, NBC Universal, ServiceNow, and Stanford University. The company experienced six straight years of triple-digit growth and managed 25 petabytes of data under management across 4,000 organizations. The capital was intended to accelerate product innovation and adoption, enhance capabilities across the secure cloud platform, and drive sales and marketing expansion globally. |
| Aug 2014 | Series D | Peak XV Partners (lead); Tenaya Capital; Dell Technologies Capital; Nexus Venture Partners | $25M | $220M | Druva is a cloud-based data protection and management company founded in 2008, offering SaaS solutions for enterprise backup, governance, and recovery, serving customers like NASA, Pfizer, Dell, and Hitachi. In August 2014, Druva raised $25 million in a Series D funding round led by Sequoia Capital India (now Peak XV Partners), with participation from Nexus Venture Partners and Tenaya Capital, bringing total funding to $92 million at that point. The funds were intended to accelerate product development, expand into mobile data protection, and grow internationally with new offices in London and Tokyo. A 2016 Economic Times article referenced Druva's 2014 valuation as an estimated $220 million, amid discussions of a subsequent $51 million Series E round led by Sequoia India, with investors including NTT Finance, Nexus Venture Partners, and Tenaya Capital. By mid-2014, Druva had grown its enterprise customer base from 2,100 to 3,000 in just 10 months, demonstrating strong traction in the cloud data protection market. The 2014 round aligned with Druva's pivot toward cloud-native solutions at a time when enterprises were shifting to cloud workloads, positioning it against traditional data protection vendors. Later rounds included $51 million in 2016 (total funding $118 million), $80 million in 2017, $130 million in 2019 at ~$1 billion valuation, and $147 million in 2021 exceeding $2 billion valuation, with total funding reaching $475 million by then to fuel global expansion and innovation. |
| Oct 2013 | Series C | Tenaya Capital; Dell Technologies Capital; Nexus Venture Partners; Peak XV Partners | $25M | - | Druva, a cloud data protection and management company, raised $25 million in a Series C funding round in October 2013 led by Sequoia Capital, with participation from Nexus Venture Partners and Tenaya Capital, bringing total capital raised to $52 million at that time. The company's platform provided backup and file sharing solutions safeguarding data across mobile devices and desktops. Druva planned to use the proceeds to extend its cloud services offering. Subsequent disclosure shows Druva achieved $100 million in ARR by December 2019, followed by surpassing $200 million in ARR several years later, establishing itself as a leading SaaS-based data protection platform. |
Who has invested in Druva?
15 investors have backed Druva across its funding rounds, including Nexus Venture Partners, Tenaya Capital, Peak XV Partners, Dell Technologies Capital, Viking Global Investors and Riverwood Capital.
Lead investors include La Caisse, Viking Global Investors, Riverwood Capital and Peak XV Partners.
Druva Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| San Francisco, CA | 5 | Participant | Oct 2013 | |
| San Francisco, CA | 5 | Participant | Oct 2013 | |
 Bangalore | 4 | Lead | Oct 2013 | |
| San Francisco, CA | 2 | Lead | Aug 2017 | |
| New York City, NY | 2 | Participant | Jun 2019 | |
| Stamford, CT | 2 | Lead | Jun 2019 | |
| San Francisco, CA | 2 | Participant | Oct 2013 | |
| Houston, TX | 1 | Participant | Jun 2019 | |
 Montreal | 1 | Lead | Apr 2021 | |
| Boston, MA | 1 | Participant | Apr 2021 | |
| San Francisco, CA | 1 | Participant | Sep 2016 | |
| San Francisco, CA | 1 | Participant | Apr 2021 | |
 Tokyo | 1 | Participant | Sep 2016 | |
This data is available for Pro users. Sign up to see all 15 Druva investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Druva
Druva has acquired 3 companies to date.
Last acquisition by Druva was on November 17th 2020. Druva acquired SFApex for undisclosed valuation.
Latest Acquisitions by Druva
| Description | SFApex is a specialized developer of Salesforce applications focused on enhancing development environments with reliable data provisioning tools. The Austin-based firm builds custom apps that streamline Salesforce implementations for enterprises, including data masking and sandbox management solutions. It supports agile development cycles for clients in various industries seeking robust CRM optimizations. | CloudLanes is a data management platform for secure cloud vaulting with chain-of-custody controls across on-premises and remote storage. Funded by Cervin Ventures and Microsoft Ventures, the company integrates SMS as a subsidiary for Azure services. | CloudRanger is a SaaS platform for automating AWS resource management, including backup policies for EC2 and RDS instances plus scheduled start-stop for servers. The tool simplifies cloud operations to align with business needs and control costs. |
| HQ Country | | | |
| HQ City | Houston, TX | San Jose, CA | Chicago, IL |
| Deal Date | 17 Nov 2020 | 20 Jun 2019 | 5 Jun 2018 |
| Valuation | undisclosed | undisclosed | undisclosed |
| EV/Revenue | |||
| EV/EBITDA | |||
This data is available for Pro users. Sign up to see all Druva acquisitions and their M&A valuation multiples. Start Free Trial | |||
Druva Competitors
Druva competitors include listed companies like Oracle Corp Japan and Nutanix, and private ones like Redis, WEKA, Dt Dream and Aiven.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| San Francisco, CA | Private | $35M | - | $2B | - | |
| San Jose, CA | Private | $100M | - | $1.6B | 16.0x | |
 Hangzhou | Private | - | - | $1.5B | - | |
 Helsinki | Private | $100M | - | $3B | 30.0x | |
| Japan | Publicly listed | $1.8B | $589M | $7.7B | 3.9x | |
| United States | Publicly listed | $2.5B | $230M | $19B | 6.2x |
Druva Public Comps
Druva is still privately-owned, but its public comps include ESDS Software, Business-intelligence, SharonAI, UCloud Technology, Transwarp, VNET Group, C3.ai, TRS Information Technology, Nava and SoftwareOne.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $49M | $25M | 38.3x | 13.8x | 76.7x | 56.6x | |||
| $389M | $54M | 6.6x | 5.9x | 47.7x | - | |||
| $2M | ($36M) | 752.3x | 13.7x | (32.7x) | 46.2x | |||
| $253M | $31M | 7.7x | - | 63.2x | - | |||
| $67M | ($31M) | 27.5x | 28.0x | (59.8x) | - | |||
| $1.5B | $463M | 4.1x | 3.7x | 13.2x | 11.8x | |||
| $250M | ($484M) | 4.3x | 4.5x | (2.2x) | (6.2x) | |||
| $76M | ($20M) | 19.3x | 19.7x | (73.5x) | 478.8x | |||
This data is available for Pro users. Sign up to see all Druva competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Druva
| When was Druva founded? | Druva was founded in 2008. |
| Where is Druva headquartered? | Druva is headquartered in San Jose, CA, United States. |
| Is Druva publicly listed? | No, Druva is a private, VC-backed company. |
| What is Druva's valuation? | Druva was last valued at $2B in its Series H in April 2021. |
| How much funding has Druva raised? | Druva has raised $458M across 6 funding rounds. |
| What was Druva's last funding round? | Druva's last funding round was a $147M Series H in April 2021, led by La Caisse. |
| Who are Druva's investors? | Druva's investors include Tenaya Capital, Nexus Venture Partners, Peak XV Partners, Riverwood Capital, Neuberger Berman, Viking Global Investors, Dell Technologies Capital, Atreides Capital, La Caisse, Atreides Management and 5 others. |
| What is Druva's revenue? | Druva's latest recorded revenue is $100M (April 2021). |
| What is Druva's revenue multiple? | Druva's latest valuation implies a 20.0x revenue multiple ($2B valuation on $100M of revenue). |
| Which companies are comparable to Druva? | Companies comparable to Druva include Redis, WEKA, Dt Dream, Aiven, Oracle Corp Japan and Nutanix. |
| How many companies has Druva acquired? | Druva has acquired 3 companies, including SFApex, CloudLanes and CloudRanger. |
See companies similar to Druva
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.