Druva’s industry-defining strategy and exceptional growth help company secure a top spot
SUNNYVALE, California ‒ November 7, 2019 — Druva, Inc., the leader in Cloud Data Protection and Management, today announced it has been recognized in Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America now in its 25th year. Marking Druva’s inclusion for the fourth consecutive year, this award highlights the increasing adoption of Druva’s industry-leading platform and recognition by businesses that today’s world requires a new approach to better manage and protect massive volumes of data, no matter where it is stored — endpoints, data centers, or the cloud.
“This has been an incredibly exciting year for Druva as enterprises increasingly turn to the cloud to fuel innovation, collaboration and the next generation of business,” said Jaspreet Singh, founder and CEO, Druva. “Our milestones, from raising $130 million in funding and being recognized in the latest Forrester Wave on data resiliency, to our latest recognition in the Fast Technology 500, are validation of our commitment to deliver the industry’s most robust data protection platform, completely built on AWS. Every day more companies are beginning their journey to the cloud and Druva is the ideal partner to help them successfully navigate this multi-year transformation.”
This summer, Druva secured $130 million in funding, bringing its total capital raised to $328 million, and shortly thereafter acquired CloudLanes to expand its cloud platform capabilities. The company opened a new global headquarters in Sunnyvale, California, a new regional office in Singapore, and has added several key leaders in the last year, including Thomas Been as chief marketing officer, Holly Cafiero as chief human resources officer, Jung-Kyu McCann as general counsel and Stephen Manley as chief technologist.
Druva’s product portfolio has also continued to expand in the last several months, including a number of industry-first solutions such as powerful new capabilities for leading cloud workloads, like Slack and Microsoft Teams, and general availability of its built-in disaster recovery capabilities for enterprise workloads with automated features designed to reduce total cost of ownership. The company has introduced Druva Compass, a new program designed to help partners thrive in the cloud era, and was recently recognized by the U.S. Patent and Trademark Office for its innovative deduplication technology.
About Deloitte’s 2019 Technology Fast 500™
Now in its 25th year, Deloitte’s Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2015 to 2018.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $US50,000, and current-year operating revenues of at least $US5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.