Ownbackup investors & funding
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Ownbackup has successfully raised a total funding amount of $507.3 million, reflecting strong market confidence in its cloud data protection offerings. The latest funding event, a Series E round co-led by Alkeon Capital and B Capital Group which raised $240 million, is set to support further expansion and product development. This robust funding history is a testament to the company’s strategic direction and growth potential. Significant institutional investors like Insight Partners and Salesforce Ventures add strategic depth and credibility. Their participation not only offers financial backing but also opens avenues for strategic partnerships and advisory support. Board members from these firms influence operational decisions and bolster the company's growth strategies. Key investment highlights include: • Series E round of $240 million • Previous Series D round of $167.5 million • Participation of top-tier investors (Insight Partners, Salesforce Ventures) • Focus on enhancing cloud data protection and global market expansion.
Ownbackup offers a robust platform for cloud-to-cloud backup and recovery that is tailored for SaaS applications, ensuring secure data protection. The solution consolidates fragmented data sources and delivers actionable insights, addressing critical challenges in data management.
Ownbackup operates on a subscription-based model providing cloud-to-cloud backup and recovery solutions primarily for SaaS applications. The product-led strategy leverages automated integrations with major cloud providers and offers trial periods to drive upsells and enterprise deals.
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