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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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What’s The Endgame?

Clumio has major growth plans for the future that include adding other public cloud platforms, launching new features and expanding globally.

“We’re just scratching the surface in terms of building a long-term platform and delivering more services on top of this platform at scale globally. We’ve done a great job in building the foundation of the platform,” said Kumar.

The startup plans to incorporate Google Cloud Platform and Microsoft Azure to Clumio. “Today it runs on AWS in the U.S.,” said Kumar. “Our long-term plan, in addition to expanding the use cases and expanding across regions in AWS around the globe, is to deliver this across multiple clouds. That’s how we have built the platform to be a truly multi-cloud platform.”

Clumio said it is uniquely positioned to take advantage of the increasing demand for SaaS, with global revenues expected to increase from $80 billion in 2018 to more than $140 billion by 2022. According to IDC, the Data Protection as a Service market, which includes spending on backup and disaster recovery cloud services, will grow to over $10 billion by 2022.

When asked where he sees Clumio in two years, Kumar said “much bigger.”

“In two years from now, the hope is to be much bigger with many more customers and a much bigger reach. I fundamentally believe for the right enterprise companies, there’s no real finish line and there’s a huge market and there’s a lot to disrupt and innovate,” he said. “We hope that we’ll barley be scratching the surface over the next two to three years to go and really build an innovative company.”

 

 

 
 
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