Building reliable, secure backups is an opportunity that has the potential to scale across hundreds of applications and be part of the backbone of the way millions of businesses work and store their data. “Rewind provides solutions that are pivotal to the growth and proper utility of the cloud. Mike Potter, co-founder and CEO of Rewind With the support of our investors, our goal is to develop advanced backup-as-a-service solutions for all top cloud apps.” We are committed to giving all businesses a reliable way to protect and control the cloud data that fuels their business success. Without comprehensive cloud data protection, businesses risk permanently losing critical data without much recourse. “It is no longer a matter of if a company will suffer a data loss, but when. And Alexandra Sukin of Bessemer Venture Partners, Yousuf Khan of Ridge Ventures, and Alexander Rink of Rink Ventures will serve as observers Inovia Capital partner Magaly Charbonneau is joining Rewind’s board of directors. And this round of funding will accelerate its product development pipeline, bringing new data protection solutions to market faster than any current BaaS provider. With this round of funding, Rewind plans to fulfill its mission of protecting businesses by protecting their cloud data. And the company currently backs up over 33 billion data points globally. Rewind protects data in leading cloud apps such as BigCommerce, QuickBooks Online, and Shopify. Rewind essentially gives businesses of all sizes immediate access to usable comprehensive backups so they can quickly recover from a tiny data-entry error or a massive data disaster. And according to a recent Oracle report - while half of businesses plan to have all their data in the cloud in the next two years - most cloud users have lost data. SaaS providers generally have to back up their own cloud infrastructure, but they do not make account-level, business-critical information (such as sales, marketing, and financial data) available to users. And Ridge Ventures and Bessemer Venture Partners also participated in the round - which Rewind will use to fuel its continued expansion as it builds out backup-as-a-service (BaaS) support for business-critical SaaS applications. Based on a spike in businesses’ reliance on cloud applications over the last 3 years, Rewind has protected the data of over 80,000 businesses worldwide (including Badgley Mischka, Charmin, Magnolia, Pampers, and Paul Mitchel) and grown its revenue by 1,113%. These are the details.Ĭloud data protection company Rewind announced it has raised $15 million in a Series A round of funding led by Inovia Capital. Cloud data protection company Rewind announced it has raised $15 million in a Series A round of funding led by Inovia Capital.
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