Feb 21, 02:01 PM

Data Protection Startup Clumio Raises $75M, Reports TechCrunch

Clumio, a data protection startup, has successfully raised $75 million in a Series D funding round, as reported by TechCrunch. This significant financial milestone comes after the company quadrupled its recurring revenue, indicating strong growth and market demand for its services. Clumio's technology focuses on automating cloud data backup and recovery, catering to companies utilizing public cloud infrastructures. The funding round follows a previous $135 million Series C in November 2019, highlighting the continued investor confidence and the startup's upward trajectory in the tech industry.

#Clumio #TechCrunch

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