Rewind, an Ottawa, Ontario, Canada-based provider of solution for organizations to protect their SaaS and cloud data, closed a USD $65m Series B financing.
The round was led by Insight Partners with participation from Bessemer Venture Partners, FundFire, Inovia Capital, Ridge Ventures, ScaleUp Ventures, and Union Ventures, as well as Atlassian Ventures, the investment arm of Atlassian (TEAM; NASDAQ). John True of Insight Partners will join the Rewind Board of Directors, while Jared Rosen of Insight Partners and Hugues Lalancette of Inovia Capital will join as observers.
The company intends to use the funds to speed its product development pipeline so it can deliver data protection solutions for more business-critical SaaS applications as the threat of data breaches, user errors, cyberattacks, and ransomware continues to escalate.
Founded in 2015 and led by Mike Potter, CEO, Rewind provides a platform that enables companies to back up, restore, and copy the critical data that drives their business. Since closing its Series A funding earlier this year, the company has expanded its product offering adding more applications to its suite of solutions through both in-house development and a strategic acquisition. Rewind now backs up more than 53 billion data points in top cloud apps such as BigCommerce, GitHub, QuickBooks Online, Shopify, Shopify Plus, and Trello for customers in more than 100 countries.
The company also appointed seasoned technology leader Jason Karsh as Chief Marketing Officer.
FinSMEs
17/09/2021