Storage News
10 Cool Startups That Raised Venture Capital In August 2019
Kyle Alspach
Big data and cybersecurity technology companies were among the startups that hauled in venture capital rounds last month.
Clumio
Headquarters: Santa Clara, Calif
CEO: Poojan Kumar
Funding: $51 million
Investors: Sutter Hill Ventures, Index Ventures
What it does: Offers enterprise backup as a service that eliminates the need for on-premise backup hardware and software
CEO Quote: "Enterprise workloads are being ‘SaaS-ified’ because IT can no longer afford the time, complexity and expense of building and managing heavy on-prem hardware and software solutions if they are to successfully deliver against their digital transformation initiatives. Unlike legacy backup vendors, Clumio SaaS is born in the cloud. We have and can leverage the most secure and innovative cloud services available, now and in the future, within our service to ensure that we can meet customer requirements for backup, regardless of where the data is.”
