Backup Startup Rewind Raises $65m In Collection B Funding

Rewind closed a $15 million Series A in January, and a half of the proceeds was used to acquire BackHub, a GitHub backup repository, in February. Although he’s actively taking a look at potential firms to buy, Potter mentioned the Series B wasn’t raised particularly with acquisitions in mind. Rewind, an Ottawa, Ontario, Canada-based Cloud Data Protection firm, closed a USD $15m Series A round of financing. Prior to its Series A round, Rewind had raised a small amount of seed capital, which Potter solely specified as being within the hundreds of thousands of dollars-range – this included a seed extension in early 2020 that was undisclosed. Joining the Rewind Board of Directors, Charbonneau of Inovia Capital will work carefully with the staff to assist Rewind’s aggressive growth efforts. In addition, Alexandra Sukin of Bessemer Venture Partners, Yousuf Khan of Ridge Ventures, and Alexander Rink of Rink Ventures will present their insight as observers.

On the product aspect, not every SaaS providing has a comprehensive set of APIs. Nevertheless, Rewind has clearly caught the attention of Insight Partners, whose portfolio consists of several well-known knowledge protection vendors, including OwnBackup, Unitrends and Acronis. The VC also invested $500 million in Veeam in January 2019 and then bought the information safety vendor in January 2020 at a $5 billion valuation. The round was led by Inovia Capital with participation from Ridge Ventures, Bessemer Venture Partners, ScaleUP Ventures, Fundfire, Mistral Venture Partners, and technology-focused angel buyers.

Rewind Software has raised US$65-million to increase a business that received its start serving shoppers of Ottawa’s software large. Its systematic literature review system, DistillerSR, helps ship reviews as much as 60% faster than spreadsheet-based processes. The SaaS company is exploding with development, outgrowing its last office in simply 4 months and taking house a Best Ottawa Business award in 2019.

The funding might be used to grow employee headcount and increase the backup platform to cowl extra SaaS purposes. The world cloud backup market has grown steadily over the past four years, particularly as SaaS has elevated in popularity. Reports declare the market is ready fenne hair dryer to increase between the years of 2018 and 2025, eventually reaching $6.82 billion USD. Source Rewind.After finding early success in restoring customers’ misplaced data, the pair officially launched Rewind as a enterprise, and in 2017 expanded past Shopify to assist customers of BigCommerce and QuickBooks.

The cloud knowledge backup startup closed a $65 million Series B funding spherical today. The newest information surrounding digital storage merchandise, cloud, data safety, expertise, fintech, games. The new backup-as-a-service offer will feature advanced offerings together with unlimited storage and a dedicated support team. This will enable companies to extend their load as extra knowledge is stored and managed by the service provider. Many of its 22,000 energetic customers are retailers who operate online shops on Shopify’s platform.

Potter stated he wasn’t expecting to land two major funding rounds in 2021, but the series-A raise triggered a flood of curiosity within the upstart agency. Sai, a journalist at SaaS Industry, covers SaaS start-ups, expertise and tech companies. JAGGAER groups up with RFPIO to help prospects reply sooner to bids and RFPs.

Rewind plans on utilizing the money to scale its efforts and improve its backup and recovery options. Data safety startup Rewind closed another spherical of financing worth $15 million because it envisions complete safety for knowledge across SaaS applications. For instance, less than 1% of all the Quickbook accounts managed by Intuit are presently backed up, Potter mentioned. In complete, Rewind claims it at present backs up over 33 billion data factors globally by way of datacenters distributed all over the world.

Insight’s other investments embody OwnBackup, which backs up information for Salesforce customers, and Veeam, which supplies related services for users of Google and Microsoft 365 software. “We see Rewind as a pillar of the cloud backup and recovery area,” he said in a statement. The firm claims to have protected the information of greater than eighty,000 organizations worldwide, together with Badgley Mischka, Charmin, Magnolia, Pampers, and Paul Mitchel. Other individuals within the funding round included Ridge Ventures and Bessemer Venture Partners.

Ottawa-based Rewind has closed a $19 million CAD ($15 million USD) Series A round of financing as it seems to capitalize on and increase its “backup-as-a-service” enterprise. Pichette was appointed impartial board chair of Twitter on June 2, 2020; he had been the lead unbiased director since 2018. Our knowledge room grew to turn out to be a strong intelligence system that helped us prioritize conversations with consumers. We obtained nice feedback on our data room’s format and organization–this was especially rewarding since we had hoped our consideration to component would assist us stand out and showcase our professionalism.