Data protection company pays $47M to stick Clumio in its …

Sep 25, 2024 · Data protection company Commvault is buying AWS cloud data protector Clumio for $47 million – significantly less than Clumio’s total funding.

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Data Protection Company Pays $47M To Stick Clumio In Its …

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Sep 25, 2024 · Data protection company Commvault is buying AWS cloud data protector Clumio for $47 million – significantly less than Clumio’s total funding.

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Commvault To Boost AWS Data Protection With $47M Clumio Buy

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Sep 25, 2024 · Commvault will pay just $47 million for Clumio, a mere fraction of the $261 million the company has raised since its founding in 2017.

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Clumio Sold To Commvault In $47M Deal | SC Media

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Oct 1, 2024 · Clumio sold to Commvault in $47M deal October 1, 2024. Share. By SC Staff (Adobe Stock) Commvault has announced its acquisition of Clumio for $47 million, a move that …

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Data Protection Startup Clumio Raises $75M After Quadrupling Its ...

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Feb 21, 2024 · Clumio Inc., a provider of backup and recovery software for cloud environments, today announced that it has closed a $75 million funding round led by Sutter Hill Ventures.

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FAQs about Data protection company pays $47M to stick Clumio in its … Coupon?

Did Commvault buy clumio?

Commvault’s other acquisitions to date include software-defined storage startup Hedvig and cybersecurity company TrapX. Publicly-traded data management Commvault has acquired data backup and recovery provider Clumio for an undisclosed amount. ...

How does clumio save you money?

Clumio customers save over 30% on their backup costs on average. Built as a serverless and agentless data platform, Clumio saves you the trouble of having to deploy, set up, or pre-purchase software. Clumio air gaps your data right from the seed backup, and stores it immutably with composite encryption. ...

What is clumio discover?

Clumio Discover provides visibility into the risk posture of your AWS data estate. Request a complimentary data risk assessment report today. Your data on Clumio is immutable and undeletable, enabling you to thwart mass encryption attempts and resume operations quickly. ...

How does clumio work?

Clumio supports multiple restore modailities—search and download, SQL-query to retrieve, provide apps secure direct access to backups, as well as massively parallelized data rehydration. Inexpensive. Clumio identifies and backs up exactly what you need, and helps you clean up obsolete snapshots, archives, and other unnecessary data. ...

What happened to clumio?

As of February, Clumio was notching double-digit millions of dollars for annual recurring revenue — up 400% from 2022 to 2023 — and acquiring customers like Atlassian, Duolingo, and LexisNexis. The firm raised $261 million in venture capital from investors including Index Ventures, NewView Capital, and Sutter Hill Ventures prior to Tuesday’s exit. ...

Are data management regulations coming into force?

In some countries, data management-related regulations like the EU AI Act are coming into force, many with strict data retention and provenance stipulations. “In the event of an outage or cyberattack, rapidly getting back to business is paramount to our customers,” Mirchandani said in a press release. ...