CEO: Simon Taylor
Funding: $87.5 million Series A.
Investors: Bain Capital Investors led the round with participation by Acrew Capital.
What company does: HYCU provides the HYCU Protégé multi-cloud data management, protection, and backup and recovery software.
CEO Quote: “As the cloud and multi-cloud environments take root, the channel is evolving,” he said. “There’s interest in supporting customers with storage for their journey to the cloud. We want to make sure the channel is a key part of our strategy and make sure it’s a primary driver of our strategy. We want to find out from channel partners what we need to be successful and then answer the call.”