Druva Data Resiliency Provider Surpasses $200 Million SaaS Annual Recurring Tevenue

Druva, Inc. surpassed $200 million in annual recurring revenue.

With a customer base surpassing 5,000 and a 300% Y/Y growth in MSP customers, the company stands out as the sole at-scale SaaS platform driving more than 6 billion backups annually.

The firm offers a fresh perspective on data protection and cyber resiliency with a fully managed SaaS platform that protects customers’ data wherever it lives. Fueled by a cloud-native architecture that creates an infinitely scalable SaaS platform, it has disrupted the data protection industry by simplifying and automating traditionally complex and cumbersome legacy solutions, eliminating the need for hardware, software, and maintenance.

“Druva’s disruptive and innovative approach to data resiliency is driven by our ambition to both solve and simplify a critical problem for customers,” said Jaspreet Singh, founder and CEO, Druva. “We’re continuing to build an enduring, growing company that places itself on the cutting edge of data protection and cyber resiliency, with our customers and partners at its core.”

As a major player in cyber resiliency, the company is an integral part of thousands of companies’ ransomware recovery strategy. Its resilient operational platform delivers a combination of autonomous protection, rapid response, and guaranteed recovery to better protect data and expedite recovery.

The company also distinguishes itself by delivering customer peace of mind through its $10 million Data Resiliency Guarantee, offering protection against 5 critical risks: cyber threats, human errors, application vulnerabilities, operational challenges, and environmental risks.

“Druva provides us with a valuable cyber-resiliency offering that any business would be smart to adopt because of the ability to continually protect evolving cloud workloads and rapidly changing cloud landscapes,” said Matt Lamb, CIO, Rosendin Electric. “Their dedication to customer satisfaction is remarkable, and one of the key identifiers of a company that is here to stay. We congratulate them on their success and have no doubt they will continue to impress customers with both their business acumen and their data resiliency capabilities.”

According to a Forrester Total Economic Impact Report (subscription needed), the typical Druva customer achieves a 253% ROI within 3 years of implementation. The firm’s rapid time to value, increased efficiency, and cost savings to its customers is best exemplified by its record-breaking NPS score of 89. Revealing innovation through the strategic application of AI, the company is reshaping customer interactions with its products, offering efficiency in the marketplace.

“Druva’s AI-driven capabilities deliver the agility, scalability, and intelligence that empower our customers to adapt to evolving business needs and threats,” said Stephen Manley, CTO, Druva. “We will further incorporate AI into Druva’s platform to take the next step towards autonomous backups, which will deliver the simplicity, efficiency and proactive security that will revolutionize data protection.”

News follows a year of achievements for the company – a leader in the Forrester New Wave: SaaS Application Data Protection, 3x Visionary in the Gartner Magic Quadrant for Enterprise Backup and Solutions, named a 2023 Gartner Peer Insights Customers’ Choice for Enterprise Backup and Recovery Software Solutions, and most recently featured in the Forbes 2023 Cloud 100 List, which recognizes the world’s top private cloud companies.