Clumio's $75M Series D Funding Boosts Cloud Data Protection

Clumio, a cloud data backup and recovery provider, has secured a $75 million Series D funding round led by Sutter Hill Ventures. The company reported a four-fold increase in annual recurring revenue (ARR), positioning itself as a key player in the cloud data protection landscape. Clumio's platform offers immutable backups to safeguard against ransomware attacks and regulatory compliance challenges, catering to the evolving needs of enterprises in the public cloud environment. With a focus on automating data backup workflows and expanding cloud support, Clumio is poised for further growth and market expansion.