Sunnyvale-based compliance company Druva has secured $130 million in Series G funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced June 19 and led by Viking Global Investors.
According to its Crunchbase profile, "Druva™ delivers data protection and management for the cloud era. Druva Cloud Platform is built on AWS and offered as a service; delivering globally accessible, infinitely scalable and completely autonomous enterprise data resiliency. Customers drive down costs by up to 50 percent by freeing themselves from the burden of unnecessary hardware, capacity planning, and software management."
The 11-year-old company has raised six previous funding rounds, including an $80 million Series F round in 2017.
The round brings total funding raised by Sunnyvale companies in internet services over the past 90 days to $144 million, an increase of $62 million from the previous three-month period. The local internet services industry has seen 21 funding rounds over the past year, securing a total of $272 million in venture funding.
In other local funding news, augmented reality company DoubleMe announced a $400,000 grant on June 14, financed by National IT Industry Promotion Agency - NIPA.
According to Crunchbase, "DoubleMe Studio is a software suite that extracts fully animated 3D models directly from regular 2D videos of people in real-time without any post-production. This totally eliminates laborious 3D animation processes including the needs of expensive motion capture. It's a next-generation 3D content production platform and codecs."
Founded in 2014, the company has raised 10 previous rounds, including a $3 million grant in 2018.
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