November 19th, 2019 by Adam Armstrong
Clumio Raises $135 million In Series C Funding
Clumio came out of stealth in August and reported $51 million in funding over its first two rounds. Today the company is announced that it has raised an additional $135 million in series C funding. The funding round was led by Sutter Hill Ventures managing director Mike Speiser and new investor Altimeter Capital. Existing backer Index Ventures participated in the latest raise, which brings the company’s total raised to date to $186 million.
Clumio is a software startup based in Santa Clara, California and founded by Poojan Kumar. The company’s flagship product is a suite of cloud-based backup solutions. For the past two years, Clumio SaaS has been building on AWS and is said to tap the cloud to securely manage backup and recovery from remote sites or datacenters. The service is stated to protect workloads like VMware Cloud on AWS and native AWS services by automatically replicating data in less than 15 minutes, and it automatically scales up resources while ensuring backups remain encrypted. Users need to only pay for the server based on the number of VMs protected.
The funding today will be used for growth acceleration of the company’s engineering team. Also the cash will support the company’s go-to-market operations in the U.S. and its channel strategy globally, as well as its consolidated data protection R&D efforts.
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