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Home » Venture Capital Firms Place Big Bet on Multi-Cloud Backup and Data Protection Provider
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Venture Capital Firms Place Big Bet on Multi-Cloud Backup and Data Protection Provider

Cloud Wars Horizon Minute Episode 13
Tom SmithBy Tom SmithJune 15, 2022Updated:December 28, 20221 Min Read
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Welcome to Episode 13 of the Cloud Wars Horizon Minute — featuring news and commentary hosted by Acceleration Economy analyst Tom Smith. Each episode provides insights into one or more Innovation Accelerators on the Cloud Wars Horizon.

This episode is brought to you by Cloud Wars Expo. This in-person event will be held from June 28th to 30th at the Moscone Center in San Francisco, California

Highlights

00:10 — A multi-cloud backup and data protection provider, HYCU, announced last week it has secured $53 million in additional venture capital funding.

02:10 — The additional venture capital funding brings the company’s total to $140 million, reflecting the strength of the multi-cloud technology market and expected customer demand.

02:40 — HYCU grew 150% in 2021. It expects a similar level of growth this year, based on widespread customer usage of multiple cloud platforms.

03:10 — Atlassian Ventures and Cisco Investments are new key investors backing HYCU.


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Analystuser

Tom Smith

Editor in Chief, analyst, Cloud Wars

Areas of Expertise
  • AI/ML
  • Business Apps
  • Cloud
  • Digital Business

Tom Smith analyzes AI, copilots, cloud companies, and tech innovations for Cloud Wars. He has worked as an analyst tracking technology and tech companies for more than 20 years.

  Contact Tom Smith ...

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