Israeli cloud-to-cloud backup and recovery vendor OwnBackup has closed a $3.5 million Series A financing round led by Eric Schmidt’s Innovation Endeavors with participation from Oryzn Capital. The company will use the investment to accelerate its global growth, drive continued product innovation and significantly expand its engineering, development, sales and marketing teams.
OwnBackup CEO Sam Gutmann said, “There is an enormous industry demand for automated, cloud-to-cloud backup and restore solutions, and we are the only vendor currently able to deliver. Organizations want to be able to easily manage and fully protect application data-regardless of where it lives. This investment will help us fulfill our vision of becoming the single pane of glass for an enterprise to manage and protect all SaaS and PaaS application data stored in the cloud.”
Last week, OwnBackup also officially graduated from the Microsoft Ventures Accelerator Program in Israel.
OwnBackup already helps hundreds of customers across a variety of verticals protect critical cloud data-with a focus on Salesforce and the Force.com platform. From large Fortune 500s to non-profits, customers rely on its innovative technology to secure billions of SaaS records every day, prevent data corruption and meet compliance mandates. The startup provides automated cloud-to-cloud backup and best-in-class restore tools to minimize operational disruptions, ensure business continuity and meet compliance requirements. While designed for mid-sized and large enterprises that want to protect their business-critical SaaS application data, OwnBackup goes beyond basic backup and recovery to also provide customers with the tools they need to do more with their data.
Innovation Endeavors investment partner Yuval Shachar said, “The increasing reliance on SaaS and PaaS environments will create new security and compliance challenges in the years ahead, but innovators like OwnBackup are helping organizations protect and recover that data when needed. Led by data recovery visionaries, OwnBackup will quickly become the go-to solution for organizations that want to ensure they have the same level of data protection in their cloud environments as their on-premise applications.”
Published by Globes [online], Israel business news - www.globes-online.com - on February 7, 2016
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