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SaaS Startup Clumio Emerges With $51M Backing: 7 Things To Know

From channel strategy to technology differentiation, here are seven things you need to know about the backup-as-a-service startup Clumio.

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Who’s Funding Clumio?

The startup launched out of stealth with $51 million in funding over two rounds. Sutter Hill Ventures led a Series A round, while the Series B round was driven by Index Ventures with significant participation from Sutter Hill Ventures. Several individual investors experienced in disruptive technologies also participated including, Mark Leslie, founder of Veritas Technologies; and John Thompson, chairman of the board at Microsoft.

Kumar told CRN that the funding went towards major R&D and engineering. “This is not something easy to do in terms of multiple disciplines coming together to deliver a SaaS solution like this,” he said. The funding is now being shifted towards ramping up Clumio’s go-to-market efforts in the U.S.

The startup still has the majority of its $51 million funding in its wallet. “We have spent a very small fraction of that $51 million overall,” Kumar said.

 
 
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