Israeli SaaS backup and cloud data protection company OwnBackup attracts $50M

As reported by Globes, SaaS cloud company OwnBackup has raised $50 million in the round led by Insight Partners. Salesforce Ventures, Vertex Ventures and Innovation Endeavors funds have also participated. With this capital the company has raised a total of more $100 million up-to-date.

OwnBackup provides a comprehensive solution to backup, compare, recover, archive, and manage large, complex SaaS-based data sets. The company gained a reputation as a backup and disaster recovery system for the cloud-based software company Salesforce ecosystem, writes TechCrunch. 

Among the company’s clients are the University of Michigan, ServiceNow and Slack. According to the CEO of OwnBackup Sam Gutmann, the company continues to grow, added 250 new customers during the last few months. As a result, the company has over 2000 customers around the world.

OwnBackup was founded in 2015 by CEO Sam Gutmann, CTO Ariel Berkman, Ori Yankelev, and Eran Cohen. The company is headquartered in New Jersey with the R&D centres in Tel Aviv and London.

OwnBackup is planning to invest raised funds into developing its products, as well as expanding into new ecosystems.