Clumio Raised $75M Sutter Hill Ventures Series D

California-based, Clumio, a public cloud company that provides data backup and recovery solutions raised $75 million through Hill Ventures Series in a Series D round.

The round was actively backed by new investor NewView Capital with existing investors Index Ventures and Altimeter Capital.

Clumio $75M Series Ft. Sawers TechCrunch

Clumio CEO and Chief Revenue Officer, Poojan Kumar and Rick Underwood in a meeting said that the raised funds would be used for performance marketing and go-to-market approach, and raising the number of servers to make the public data safe and secure.

Sawers TechCrunch reported that Clumio is a data backup and management solution provider. Clumio compiles with all the AWS critical data policies to provide flexibility, security, and encryption to the users.

Moreover, Clumio recently announced a 400% growth in revenue from last year. Clumio has acquired more enterprises and manages more than 100 petabytes of data.

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