Acronis raised $250 million in new funding earlier this year, bringing its total value to more than $3.5 billion.

That’s according to a Bloomberg report, which said Acronis was last valued at $2.5 billion in May 2021 after receiving a $250 million investment from CVC Capital Partners VII and others. Goldman Sachs Group also previously provided funding.

The latest funding round was led by a group of unnamed institutional investors. Bloomberg cited sources saying that the round included the participation of BlackRock.

Acronis told us “regarding the funding round, Acronis’ policy is not to disclose our revenue.”

Plans for Acronis Funding

Acronis said the new funding will help extend its product leadership, execute targeted M&A, further build the sales and marketing teams, and deliver resources to ensure partners’ continued success.

In addition, Acronis said 2021 was the best year in its history. And it plans to surpass that this year.

“We now operate in over 150 countries, and our flagship solution – Acronis Cyber Protect – is used by over 20,000 service providers to protect over 750,000 businesses globally, showing strong growth in both numbers,” it said. “We’ve extended our operations, and opened offices and new R&D centers in Israel, Italy, Serbia and Turkey — planning to open more next year. We now also have 49 data centers worldwide, building a global network.”

Regarding the name of the two additional investors in the new round, “while we can’t share their identities, we can confirm that one is an existing institutional investor, the other is a new institutional investor, and none are from Russia,” the company said.

In January, Acronis unveiled new and enhanced features for its CyberFit Partner Program, placing more emphasis on supporting partner development, particularly for cloud-based services.