OwnBackup Gets $23 Million in Financing

OwnBackup, a cloud-to-cloud backup and recovery vendor, has closed a $23.25 million Series C funding round led by Insight Venture Partners and Vertex Ventures.

Existing investors Innovation Endeavors, Oryzn Capital and Saleforce Ventures also participated in the funding round. OwnBackup said it will use the investment to build on its momentum in the Salesforce ecosystem.

Sam Gutmann, OwnBackup’s CEO, tells us his company is “doubling down” on cultivating deeper relationships with Salesforce and other ISV partners. OwnBackup also announced the expansion of its international leadership team and general availability of OwnBackup Archiver, which allows businesses to meet internal and external compliance policies for SaaS data.

OwnBackup’s Sam Gutmann

“The funding will benefit our partners as we grow our team and accelerate our global growth — creating more opportunities to work together and grow together,” he said. “OwnBackup Archiver creates opportunities to grow current partnerships and to begin new ones. Our current partners can leverage this new product to expand the offerings available to their customers. As OwnBackup Archiver addresses regulatory compliance, it opens up options for us to join forces with a plethora of new partners in the SaaS compliance space.”

To drive growth across Europe, OwnBackup also appointed technology sales leader Gareth Morris as vice president of sales for EMEA. Bringing almost 20 years of enterprise software sales and leadership to his new role, Morris will focus on helping the company expand in Europe.

“OwnBackup’s partners, especially Salesforce, will continue to play a key role in our strategic growth as both advisers and advocates,” Gutmann said. “By aligning with our partners, OwnBackup has been able to move faster within new markets and make [fewer] mistakes along the way. We’ve earned amazing recognition from our partners thanks to the proven value of our continued technology innovation — this has enabled us to grow even faster through events, enterprise customer connections and marketing opportunities.”

OwnBackup helps more than 1,000 business globally protect cloud data — securing trillions of SaaS and PaaS records to prevent data corruption/data loss, ensure business continuity, minimize operational disruptions and meet compliance mandates.

“OwnBackup’s visionary leadership team and pioneering products have driven extraordinary growth over the last few years,” said Nikitas Koutoupes of Insight Venture Partners. “As the call for data protection in cloud environments intensifies, OwnBackup will continue to lead the market. With OwnBackup, organizations can confidently embrace the cloud and trust that their critical data is safe and secure. OwnBackup users rely on its products to manage the disaster recovery process and ensure they have immediate access to the comprehensive backups they need to quickly restore their data and prove compliance.”