Datto raises $75 Million

What does Datto do?

Datto, is company which offers backup, disaster recovery and business continuity solutions to the small to medium sized businesses. It is an innovative provider of comprehensive backup, recovery and business continuity solutions which is used by thousands of managed service providers globally. The company’s more than 150 private cloud and family of hardware and software devices provide Total Data Protection wherever business data lives. Whether a user’s data is on prem in a physical or virtual server, or in the cloud through SaaS apps, only this company offers an end to end recoverability and single vendor accountability.

How much Datto was funded?

Datto raised $75M in Series B funding on November 16^th, 2015 from Technology Crossover Ventures.

Previous funding

$25M in Series A funding on September 3^rd, 2013 from General Catalyst Partners.

What is next for Datto?

The company has raised a total of $100M in 2 rounds in 8 years. The company’s CEO Austin McChord said though the company is profitable, it is still nice to have cash flowing in to the company for continuing its geographical expansion and for developing new products or for making a strategic purchase. The company is planning to expand further into worldwide markets. The company also wants to use some of funding for expanding its product line.

More about Datto

The company is privately held and profitable. It was founded in 2007 by Austin McChord, who was named Forbes 30 under 30. It has its headquarters in Norwalk, CT. The company acts as a backup and disaster recovery service for small to medium sized businesses. With this company you do not have to worry about where data wherever it lives. Customers can keep their business data protected as the company uses state of the art technology and infrastructure for the protection of its customer businesses from downtime, even if the physical hardware is destroyed.