Cloud Backup Company Rewind Raises $65 Million
Cloud backup company Rewind has announced raising $65 million in a Series B funding round, which brings the total amount invested in the firm to more than $80 million.
The funding round was led by private equity and venture capital firm Insight Partners, with participation from Bessemer Venture Partners, FundFire, Inovia Capital, Ridge Ventures, ScaleUp Ventures, and Union Ventures.
Rewind plans on using the money to scale its efforts and improve its backup and recovery solutions.
The company’s solutions are designed to help organizations protect SaaS and cloud data. Rewind claims to have more than 100,000 customers across over 100 countries, including GitHub, Shopify, Trello, QuickBooks Online, and BigCommerce.
“While we’ve continued to double revenue and software subscribers year over year, every day our team talks with seasoned technology professionals who still do not realize they lack full control of their vital business data,” said Mike Potter, co-founder and CEO of Rewind.
“We see tremendous opportunities to backup the entire cloud and are working towards that vision. This latest round of funding will allow us to expand our reach, bring additional SaaS backup solutions to the market, and raise awareness for the need to include all cloud and SaaS applications in a business’s backup and recovery strategy,” Potter added.