OwnBackup, a Fort Lee, New Jersey-based provider of data backup and recovery solutions, closed a $15.5m round of financing.
The round was co-led by new investor Vertex Ventures and existing investor Insight Venture Partners with participation from existing investors Innovation Endeavors, Oryzn Capital and Salesforce Ventures. In conjunction with the funding, Vertex Ventures’ Aviad Ariel will join Nicolas Wittenborn of Insight Venture Partners and Ziv Kop of Innovation Endeavors on the OwnBackup Board.
Led by CEO Sam Gutmann, OwnBackup is a cloud-to-cloud backup and restore vendor, which provides secure, automated, daily backups of SaaS and PaaS data, as well as data compare and restore tools for disaster recovery. The technology is built on the Salesforce Platform and available on the Salesforce AppExchange.
The company, whose solutions cover data loss and corruption caused by human errors, malicious intent, integration errors and rogue applications, has R&D, and support and other functions in Tel Aviv and London.
The company intends to use the funds for continued product innovation and recruiting efforts and double its team in the United States and Israel before the end of the year.
FinSMEs
13/04/2018