Druva raises $12 Million in Series B of Funding for Smart phones and Tablets

Druva, the company based in Mountain View, California, recently announced the end of the round B of funding, which has brought the company an amount of $12 million. The company specializes in designing data protection systems, consolidation and application recovery challenges software. This funding round has been led by Nexus Venture Partners along with Sequoia Capital. According to the funding deal, Jishnu Bhattacharjee, from Nexus Venture Partners, is going to join the board of directors at Druva. The money raised in this second funding round is going to be used in order to provide support for smart phones and tablets and to expand sales in the North American, European and Asian Pacific markets.

Druva is a company which has been founded in 2007 by a team of industry veterans. The company is intended to provide fast and simple solutions of storage and backup for its providers. The company soon became profitable, having over 750 customers across 26 countries since 2008. The company specializes in providing solutions both for individuals and for companies against property theft from any type of electronic device, such as laptops, tablets and smart phones. They have solutions for any type of network, be it LAN, WAN or VNP. By this time, the company has already provided backup solutions for customers such as NASA, Xerox, Siemens, Schlumberger, PWC and others. At the moment, the company has two head-quarters, one in the US, in the Mountain View, and on in India, in Pune. Also, the company has 4 offices across the US, India, and the United Kingdom.

Nexus Venture Partners specializes in this field of funding, having more than $320 million as a budget for funding and over 30 companies activating in the fields of technology, internet, media, consumer business services and rural sectors which have received funding from them up to this moment. One of the sources at Nexus Venture Partners declared about this funding deal: “With wide adoption of on-premise and cloud-based solutions, the fast-growing company is racking up an impressive list of reference customers.” The venture capital firm has also recently funded Bigshoebazzar.com, sustaining the company in its attempt of supplying its chain of infrastructure in some cities.

This is the second round of funding for the company, which has managed to raise funds in a previous round before. The first round of funding has been led by Sequoia Capital and Indian Angel Network. That funding round has brought the company an amount of $5 million in the month of March, 2010.