HYCU, a Boston, MA-based multi-cloud data protection as a service company, receives an investment from Okta Ventures as part of its Series B extension.
The amount of the deal was not disclosed. The investment follows on the company’s $53M financing led by Acrew Capital that included Bain Capital Ventures (BCV) and new strategic investors Atlassian Ventures and Cisco Investments.
The company, which has raised $140m in VC funding to date, intends to use the funds to expand its business reach.
Led by CEO Simon Taylor, HYCU offers a multi-cloud data protection as a service platform which brings SaaS-based data backup and recovery to both on-premises and cloud-native environments-
The company currently provides data protection, migration, disaster recovery, and ransomware protection to thousands of companies worldwide.
FinSMEs
18/10/2022