OwnBackup attracts $240M Series E on $3.35 B appraisal, up from $1.4 B in January
OwnBackup, the late stage startup that helps business in the Salesforce community back up their information, announced a $240 million Series E today at a $3.35 billion evaluation. The latter is up from $1.4 billion in January when the company announced a $167.5 million Series D. Alkeon Capital and B Capital Group co-led today’s financial investment, […] , the late phase startup that helps companies in the Salesforce environment back up their information, revealed a $240 million Series E today at a $3.35 billion assessment. That’s a lot of capital, however OwnBackup CEO Sam Gutmann says that as the Salesforce community has actually grown, which includes not just Salesforce itself, but companies like Veeva and nCino, business has been flourishing, growing 100% year-over-year considering that 2018. What’s more, the business announced that it will now support the same type of backup for Microsoft Characteristics 365 clients, thus significantly broadening its possible market. Over the last year, it purchased 2 little companies, but he says that was more focussed on obtaining particular skill to establish the platform, while future acquisitions might be more focussed on expanding the company itself. …
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