Druva Named to Prestigious List of Private Cloud Companies as Data Security Grows in Importance
SANTA CLARA, Calif. – August 6, 2024 – Druva, the leading provider of data security, today announced it has been named to the Forbes 2024 Cloud 100, the definitive ranking of the top 100 private cloud companies in the world, published by Forbes in partnership with Bessemer Venture Partners and Salesforce Ventures.
Threat actors almost always attempt to compromise backups, with 94% of ransomware attacks targeting backups last year, according to Sophos. Backups are often the last line of defense against threats, and organizations need the right data security strategies to protect the business. With the Data Security Cloud, Druva’s fully managed SaaS solution, customers can enhance traditional security measures to secure and recover data from threats.
“Data threats are continuously evolving, and businesses need help navigating the new normal,” said Jaspreet Singh, CEO and co-founder of Druva. “This recognition highlights the importance of data security and the role Druva plays in helping customers manage cyber risk. We’re on a mission to make data security autonomous, and we’re proud to receive recognition with the Forbes Cloud 100.”
For the ninth consecutive year, the Cloud 100 reviewed submissions from hundreds of cloud startups and private companies. The Cloud 100 evaluation process involved ranking companies across four factors: market leadership (35%), estimated valuation (30%), operating metrics (20%), and people & culture (15%). For market leadership, the Cloud 100 enlists the help of a judging panel of public cloud company CEOs who assist in evaluating and ranking their private company peers.
“For nine years, the Forbes Cloud 100 list has recognized the leading private cloud companies in the world, from AI to work software, infrastructure to security,” said Alex Konrad, the Forbes editor of the Cloud 100. “This year’s list is the strongest group of standouts yet, with revenue, valuations and growth that will eventually make for historic IPOs.”
Druva has experienced tremendous momentum over the past year, with major data security innovations across AI and multicloud technologies to keep customer data safe, including:
- The launch of new Threat Hunting and Managed Data Detection and Response capabilities to accelerate incident response.
- The launch of Dru Assist, an AI-powered support system that actively addresses key customer needs.
- Data security innovations across the Microsoft cloud ecosystem with support for Entra ID and multi-cloud protection with Azure backup.
The Forbes 2024 Cloud 100 is published online at www.forbes.com/cloud100. Highlights of the list appear in the August/September 2024 issue of Forbes magazine.
About Bessemer Venture Partners
Bessemer Venture Partners helps entrepreneurs lay strong foundations to build and forge long-standing companies. With more than 145 IPOs and 300 portfolio companies in the enterprise, consumer and healthcare spaces, Bessemer supports founders and CEOs from their early days through every stage of growth. Bessemer’s global portfolio has included Pinterest, Shopify, Twilio, Yelp, LinkedIn, PagerDuty, DocuSign, Wix, Fiverr, and Toast and has more than $18 billion of assets under management. Bessemer has teams of investors and partners located in Tel Aviv, Silicon Valley, San Francisco, New York, London, Hong Kong, Boston, and Bangalore. Born from innovations in steel more than a century ago, Bessemer’s storied history has afforded its partners the opportunity to celebrate and scrutinize its best investment decisions (see Memos) and also learn from its mistakes (see Anti-Portfolio).
About Forbes
Forbes champions success by celebrating those who have made it, and those who aspire to make it. Forbes convenes and curates the most influential leaders and entrepreneurs who are driving change, transforming business and making a significant impact on the world. The Forbes brand today reaches more than 140 million people worldwide through its trusted journalism, signature LIVE and Forbes Virtual events, custom marketing programs and 43 licensed local editions in 69 countries. Forbes Media’s brand extensions include real estate, education and financial services license agreements.
About Salesforce Ventures
Salesforce Ventures helps enterprising founders build companies that reinvent the way the world works. For over 15 years, we’ve invested in and partnered with more than 400 of the world’s most tenacious enterprise software companies from seed to IPO, including Airtable, Databricks, DocuSign, Guild Education, Hopin, monday.com, nCino, Snowflake, Snyk, Stripe, Tanium, and Zoom.We leverage our decades of expertise in the cloud and our long-term relationships with key decision-makers at thousands of businesses around the world to give our portfolio companies an unfair advantage, help them build credibility, and accelerate growth. Salesforce Ventures has a $5BN portfolio of 300+ companies in more than 25 countries, and has offices worldwide, including in San Francisco, Irvine, New York, London, Tokyo, and Sydney. Follow @SalesforceVC and learn more at https://www.salesforceventures.com.