Data backup company Acronis secures $250M to expand datacenter footprint

guest · May 4, 2021

Data backup company Acronis secures $250M to expand datacenter footprint
May 4, 2021
https://venturebeat.com/2021/05/04/...-secures-250m-to-expand-datacenter-footprint/

Data recovery startup Acronis today announced that it raised $250 million at a valuation of over $2.5 billion post-money.

The funds bring Singapore- and Switzerland-based Acronis’ total raised to over $408 million, following angel, debt, and later-stage raises from March 2014 to September 2019. Founder and CEO Serguei Beloussov said the new funds will be used to acquire more companies, expand Acronis’ engineering team, and build over 111 datacenters around the globe.
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Big market for data backup and recovery
Acronis occupies a data backup and recovery market anticipated to be worth $11.59 billion by 2022, according to Markets and Markets. It competes to a degree with San Francisco-based Rubrik, which has raised hundreds of million in venture capital to date for its live data access and recovery offerings.

There’s also Cohesity, which has raised over $650 million, and Clumio, which raked in $186 million so far for its cloud-hosted backup and recovery tools, as well as data recovery companies Veeam and HYCU.
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But Beloussov claims that Acronis has rivals beat when it comes to install base. The company now counts over 5.5 million consumers and 500,000 businesses among its client roster, including 80% of the Fortune 1000 companies.
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Acronis: Recognizing the power of cyber protection: Acronis gets $250M+ investment, valuation at $2.5B+

A new day is dawning for Acronis and the IT industry. Today we announced that Acronis has secured more than $250 million in a funding round led by CVC Capital Partners VII and other investors, bringing our valuation to more than $2.5 billion.
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Rasheed187 · May 6, 2021

BTW, I now see that Acronis has integrated an AV with its backup tool, has anyone tried it?

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Data backup company Acronis secures $250M to expand datacenter footprint

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Data backup company Acronis secures $250M to expand datacenter footprint

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