附近上门

One year after leading 鈥檚 $23.3 million Series C funding round, has opened its pocketbook again. This time the firm is leading a $50 million follow-on round of new capital, OwnBackup announced Tuesday.

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Existing investors , and also participated in the round, according to a . 1 This gives Englewood Cliffs, New Jersey-based OwnBackup more than $100 million in since the company鈥檚 inception in 2015, according to 附近上门 data. This includes its from May 2019, which had previously been the company鈥檚 largest investment.

OwnBackup, a cloud-to-cloud business continuity platform provides clients with one place to backup, protect and analyze their software-as-a-service (SaaS) data stored in Salesforce. The company intends to use the new funding to accelerate product development and scale its go-to-market functions.

The company said it鈥檚 achieved approximately 100 percent year-over-year revenue growth for the past two years, and supports more than 2,000 customers. It also employs more than 220 people at its New Jersey headquarters, as well as its Tel Aviv and London offices.

CEO said in a written statement that the oversubscribed round showed investor confidence in OwnBackup鈥檚 mission.

鈥淚n today鈥檚 uncertain climate, more CIOs and CEOs realize the importance of building greater resiliency into their business,鈥� he said. 鈥淲e鈥檙e committed to keeping their operations running around the clock with enterprise-grade, set-it-and-forget-it monitoring and recovery鈥攂oth during the COVID-19 pandemic and over the long term.鈥�

Meanwhile, , managing director at Insight Partners, said in a written statement that the backup and recovery market was expected to surpass $18 billion by 2026, providing 鈥渕assive untapped potential for OwnBackup.鈥�

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