OwnBackup Secures $50m in funding from key players including SalesForce Ventures

OwnBackup, a leading cloud business continuity / disaster recovery platform announced $50m in new funding from key investment firms Insight Partners, salesforce ventures, and Vertex Ventures. To date, OwnBackup has secured over $100m in funding to accelerate product and features as well as go-to-market (GTM) initiatives.

“This oversubscribed round signifies investors’ recognition of our early dominance in a huge addressable market,” said Sam Gutmann, CEO of OwnBackup. “In today’s uncertain climate, more CIOs and CEOs realize the importance of building greater resiliency into their business. We’re committed to keeping their operations running around the clock with enterprise-grade, set-it-and-forget-it monitoring and recovery—both during the COVID-19 pandemic and over the long term.”

OwnBackup is touting the following accolades including 2 years with 100% growth, high ratings on the SalesForce AppExchange and key customer wins including Navy Federal Credit Union.

OwnBackup’s motto is that “No Company operating in the cloud should ever lose data.” Their key differentiation topics include:

Enterprise Data backup Business Challenges

  • Rapid Recovery of Data and meta data
  • SaaS databases are incredibly complex and hard to restore after a catastrophic issue
  • Backup tools need to be custom-tailored

Top Causes of Enterprise Data Loss

Businesses don’t realize the underlying issues on where data loss commonly occurs. 

Accidental Deletion

33% of United States Data loss is due to accidental deletion.

 

Incorrect Overwriting

27% of data loss occurs due to overwriting of correct information with incorrect information

User Error

Users making mistakes are the cause of 70% of data loss

 

OwnBackup, the leading cloud-to-cloud backup and restore vendor, provides secure, automated, daily backups of SaaS and PaaS data, as well as sophisticated data compare and restore tools for disaster recovery. Helping more than 2,000 businesses worldwide protect critical cloud data, OwnBackup covers data loss and corruption caused by human errors, malicious intent, integration errors and rogue applications. Built for security and privacy, OwnBackup exceeds the General Data Protection Regulation (GDPR) requirements for backed-up data. Co-founded by seasoned data-recovery, data-protection and information-security experts, OwnBackup is a top-rated backup and restore ISV on Salesforce AppExchange and was awarded the Salesforce Appy Award in 2018. OwnBackup ranks number 25 on the 2020 Financial Times Americas’ Fastest Growing Companies list and number 102 on the 2019 Inc. 5000 list. Headquartered in Englewood Cliffs, N.J., with R&D, support and other functions in Tel Aviv and London, OwnBackup is the vendor of choice for some of the world’s largest users of SaaS applications.

For more information, visit ownbackup.com.