Druva, co-founded by Jaspreet Singh, Milind Borate, and Ramani Kothandaraman, is a global leader in cloud-native data protection and management solutions. Founded in 2008, Druva is headquartered in Santa Clara and Pune, with a strong presence across global markets. The company offers a comprehensive SaaS platform that integrates backup, disaster recovery, archival, and compliance to ensure end-to-end data resilience for enterprises. By leveraging the power of the public cloud, Druva eliminates the complexity and costs associated with traditional hardware-based solutions, offering unmatched scalability and security. Its platform is trusted by thousands of organizations worldwide, including industry leaders in technology, healthcare, financial services, and public sector. Druva's innovative approach empowers IT teams to protect and manage data across endpoints, data centers, and cloud workloads, delivering unified visibility and operational simplicity. Backed by leading investors and with a valuation of around $2 billion, Druva continues to drive strong growth while investing heavily in R&D to stay ahead of evolving cyber threats and compliance requirements. With its customer-centric focus and global expansion strategy, Druva is well positioned to lead the future of data protection and cyber resilience.
| Founded | 2008 |
|---|---|
| Headquarters | Santa Clara & Pune |
| Valuation | ~$2 Billion |
| Annual Revenue (FY23 est.) | ~$150 million |
| Net Profit (FY23 est.) | Negative (growth stage) |
| Employees | ~950 |
| Round | Year | Amount | Valuation | Investors |
|---|---|---|---|---|
| Series H | 2021 | $147M | ~$2B | CDPQ, Neuberger Berman |
| Series G | 2019 | $130M | ~$1B | Viking Global, Nexus Venture Partners |
| Series F | 2017 | $80M | ~$638M | Riverwood Capital, Tenaya Capital |
| Series E | 2016 | $51M | ~$558M | EDBI, Blue Cloud Ventures |
| Series D | 2014 | $25M | Undisclosed | Nexus Venture Partners, Tenaya Capital |
Druva has demonstrated consistent revenue growth, rising from around $100 million in FY22 to approximately $180 million in FY23, driven by its strong global adoption of cloud data protection solutions. Despite ongoing investments affecting profitability, Druva’s expanding revenue base indicates solid enterprise demand and effective market positioning. The improvement trend suggests a strong foundation for future scalability and profitability.
Expenses have grown in line with revenue as Druva focuses on global expansion and product development. While margins remain negative, operational efficiencies are expected as scale increases and new service offerings mature.
Druva’s workforce expanded from 800 in FY22 to approximately 1,100 in FY24, supporting global customer delivery and engineering initiatives. This growth underscores the company’s commitment to innovation and market leadership.
• Expand market reach in North America and Europe.
• Strengthen R&D in cloud data security and AI-powered resilience.
• Enhance partner ecosystems and global sales network.
• Introduce new solutions for emerging data compliance needs.
• Evaluate IPO readiness based on market conditions and growth trajectory.
Druva has continued to secure large enterprise deals and strengthen its partnerships with global cloud providers. The company is investing heavily in next-generation data security innovations to stay ahead in a competitive market.
| Metric | Detail |
|---|---|
| Revenue FY24 | ~$190M – Strong upward momentum |
| Profitability | Negative – Focused on growth and innovation |
| Employees | ~1,100 – Expanding global workforce |
| Market Position | Leader in cloud data protection |
Company websites, media reports, and publicly available funding data.
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