The Druva Funding Story

The Druva Growth Story: 3,000+ customers, $65 million+ in funding and big data pastures ahead

Druva, founded in 2008, has offices in Sunnyvale, Pune, London and Singapore. Being a student president at IIT Guwahati and an intern at Fraunhofer Institute in Germany provided valuable early learnings to founder Jaspreet Singh. He teamed up with two seniors at Veritas to found their startup, now a leader in data governance.

Druva is one of the prime examples of building a global technology company from India. It was back in 2008 that Milind Borate, Jaspreet Singh and Ramani Kothandaraman set out to create a new kind of data protection solution for the enterprise. Prior to co-founding Druva, Milind worked at Veritas Software as Technical Director for SAN-FS and served on the board of the Veritas patent filter committee. Milind was the one who encouraged Jaspreet to join Veritas and he became of the youngest folks to join the company. Ramani was also with Veritas. Soon, they both got the itch to take up something more challenging and start up. The trio had been with corporates and knew the gaps that existed in the corporate data and security area. This is what gave them the push to start up Druva.

The Funding Jouney

Druva raised its latest round of funding this month- a series D round of $25 million from Sequoia Capital, Tenaya Capital and Nexus Venture Partners. This brings the total funding to $67 million.

Druva had raised its angel round from the Indian Angel Network back in 2008 and then a round of $5 million from Sequoia and IAN in 2010 when it shifted its base to the US. The team at Druva had realized that their major market was in the US and a presence over there would make a lot of sense. Druva then raised a Series B round of funding for $12M in the later half of 2011 led by Nexus Venture Partners with participation from Sequoia Capital. At that time, Jaspreet wrote on their blog:

I can still remember working from a “shared” garage office when Druva was a bootstrapped company with just 7 people. After wasting about 6 months, the “eureka” moment came in July 2008 with the launch of inSync (n integrated suite of endpoint data protection and governance solutions), and since then we haven’t had the time to look back.

Druva is also the latest of the lot to join the INR 1000 crore valuation in India and the road ahead is going to be very exciting.

Website: Druva