OwnBackup builds backup and recovery software for companies using Salesforce and related CRM ecosystems. The company announced support for Microsoft Dynamics 365 to expand its addressable market beyond Salesforce. OwnBackup has been growing rapidly, reporting 100% year-over-year growth since 2018 and has grown to about 500 employees with plans to double headcount over the next year. Management says the business has strong unit economics and is pursuing growth organically and through acquisitions; it acquired two small companies recently to add talent and may pursue strategic deals to expand the business. The company is focused on growth rather than an immediate exit, though an IPO remains a possibility in the future. OwnBackup is based in New Jersey and has raised the majority of its capital since last July. OwnBackup is a cloud-to-cloud backup and restore platform that provides secure, automated daily backups of SaaS and PaaS data along with data-compare and restore tools for disaster recovery. It protects against data loss and corruption caused by human error, malicious intent, integration errors, and rogue applications, and the company says its backups exceed GDPR requirements. OwnBackup is a top-rated backup and restore ISV on the Salesforce AppExchange and counts nearly 3,000 customers across industries, including AECOM, Aston Martin, Medtronic, and others. In its most recent quarter the company added over 400 new customers. The firm intends to use new funding to support global expansion and to extend its platform to help companies manage and secure mission-critical SaaS data. Headquartered in Englewood Cliffs, N.J., with R&D, support, and other functions in Tel Aviv and London, OwnBackup positions itself as a purpose-built solution for cloud-native data protection. OwnBackup offers backup and disaster recovery solutions focused on the Salesforce ecosystem, protecting SaaS data for customers and ISV partners such as Veeva and nCino. The company plans to use new funding to expand into additional ecosystems over the next 12 months. OwnBackup reported strong recent growth, adding 250 customers in one quarter and reaching over 2,000 customers. It employs roughly 250 people and expects to hire about 50 more this year, though hiring pace may be moderated by market conditions. Management has emphasized diversity and inclusion efforts, including an internal task force and manager training. The company says demand heightened during the pandemic as customers recognized the critical nature of its service. OwnBackup, based in Fort Lee, NJ, offers cloud-to-cloud backup and restore solutions that perform secure, automated daily backups of SaaS and PaaS data. Its platform includes data compare and restore tools designed for disaster recovery and to address data loss from human error, malicious intent, integration errors and rogue applications. Led by CEO Sam Gutmann, the company supports R&D, support and other functions in Tel Aviv and London. OwnBackup closed a $23.25M Series C financing and intends to use the funds to expand its operations. The financing underscores its focus on scaling the business and extending its backup and recovery offerings. Led by CEO Sam Gutmann, OwnBackup offers secure, automated daily backups and restore tools for SaaS and PaaS data, with data compare and restore capabilities for disaster recovery. Its technology is built on the Salesforce Platform and is available on the Salesforce AppExchange. The company’s solutions address data loss and corruption from human error, malicious intent, integration errors and rogue applications. OwnBackup maintains R&D, support and other functions in Tel Aviv and London. The company intends to use the new funds for continued product innovation and recruiting, and to double its team in the United States and Israel before year-end. The article does not disclose revenue or user metrics.

Total raised

$507M

Funding rounds

7

Latest round

Series E

Latest activity

Aug 2021