Cloud-to-cloud business continuity platform, OwnBackup secured $50 million in Funding backed by Insight Partners

OwnBackup, a New Jersey-based cloud to cloud business continuity platform, has now secured $50 Million in funding round.

OwnBackup is founded by the Sam Gutmann. It is a cloud to cloud backup and restores vendor, which offers secure, automated, daily backups of PaaS and SaaS data, as well as data compare and restore tools for the disaster recovery. To date, the company has secured $99.8 million in funding, according to CrunchBase.

The company covers data loss and corruption caused by human errors, integration errors, malicious intent, and rogue application, has a Research & Development, support, and some other functions in London and Tel Aviv.

Matt Garratt, a managing partner at Salesforce Ventures, said, "OwnBackup provides automated and fast data protection so customers can feel confident that their business data is always protected. OwnBackup has been a long-standing Salesforce partner on AppExchange, and we are pleased to continue to support their growth with this new investment to drive further innovation for customers."

Nikitas Koutoupes, managing director at Insight Partners, said, "OwnBackup is the business continuity partner of choice for forward-thinking enterprise CIOs, and has achieved incredible growth and customer success in the five years since it was founded. With the backup and recovery market expected to surpass $18 billion by 20261, there’s massive untapped potential for OwnBackup’s stellar team and proven solutions. We believe demand for the company’s products will continue to soar, both within the Salesforce ecosystem and beyond."

The Insight Partners led the latest funding round. Other participating investors include the Vertex Ventures and Salesforce Ventures and existing investor Innovation Endeavors.

The company, as of now, has plans to use the new funds to accelerate product development and expand into different markets.

PC: Pablo, Pixabay