SUNNYVALE, Calif. ‒ July 24, 2019 ‒ Druva, Inc., the leader in Cloud Data Protection and Management, today announced the appointment of Bill Losch to the company’s board of directors and chairman of the audit committee. Losch brings more than 20 years of experience in corporate finance, accounting and scaling SaaS solutions to Druva and will support the company during a time of hypergrowth and rapid market expansion.
As CFO of Okta, the identity company that stands for trust, Losch manages finance, investor relations, and workplace services. He plays a critical role in the company’s continued growth and global expansion, was pivotal in Okta raising more than $177.5 million through three rounds of funding, as well as its public market debut in April 2017. Prior to joining Okta, Losch served as CFO at MobiTV, Inc., and has held various other roles, including chief accounting officer at DreamWorks Animation, SKG, Inc., and vice president of finance and chief accounting officer at Yahoo! Inc.
“With his intimate experience preparing organizations for future growth, and unique understanding of how to disrupt legacy industries with a SaaS model, Bill is a welcomed addition to our board,” said Jaspreet Singh, founder and CEO, Druva. “Leveraging our new funding and increased resources, we have set an aggressive course for Druva’s future and Bill’s first-hand knowledge executing against such a vision will help ensure the company reaches its full potential.”
“A compelling SaaS solution can transform a business — decreasing complexity, delivering continuous innovation and offering peace of mind with a proven security model,” said Losch. “Druva’s ability to build such a platform, with no hardware required and a pay-as-you-go model, all while dramatically lowering costs, cannot be matched by others still relying on legacy technology. The company is on a mission to provide data protection for the cloud era, and I’m excited to partner with the team to help Druva deliver on that mission.”
Losch joins Druva at a time of strong momentum. Last week, Druva announced the acquisition of CloudLanes, which will expand cloud capabilities to the edge and bring enterprises the ability to keep data readily available on-site, while leveraging SaaS-based business continuity, short recovery windows and greater workload mobility to reduce costs by up to 50 percent. Additionally, in June Druva announced it had secured $130 million, pushing total capital raised to $328 million. The company has recently opened new offices in Sunnyvale, Calif., and Singapore, and introduced Druva Compass, a new partner program which will offer expanded enablement resources, a robust accreditation curriculum, and a streamlined sales process for channel partners.
Druva delivers Data Protection and Management for the cloud era. Druva Cloud Platform is built on AWS and offered as-a-Service; customers drive down costs by up to 50 percent by freeing themselves from the burden of unnecessary hardware, capacity planning, and software management. Druva is trusted worldwide by over 4,000 companies at the forefront of embracing the cloud. Druva is a privately held company headquartered in Sunnyvale, California and is funded by Sequoia Capital, Viking Global Investors, Tenaya Capital, Riverwood Capital and Nexus Partners. Visit Druva and follow us @druvainc.
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Senior Manager, Public Relations