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Druva Raises $12M In VC Funding

Druva has secured $12 million in venture capital financing.

Druva has secured $12 million in venture capital financing. The investment round was led by private equity investors Nexus Venture Partners and Sequoia Capital.

The laptop backup service provider will use the funding to expand both the product offering and sales and marketing in North America, Europe, the Middle East and Africa as well as Asia-Pacific. The company received $5 million from Sequoia and Indian Angel Network in 2010, adds The Wall Street Journal.

Click here for the release from Druva.

Click here for additional coverage from The Wall Street Journal.

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