Clumio

Clumio

Cloud-based data protection and backup services

About Clumio

Simplify's Rating
Why Clumio is rated
A-
Rated A on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Data & Analytics

Enterprise Software

Cybersecurity

Company Size

201-500

Company Stage

Series D

Total Funding

$292.8M

Headquarters

San Jose, California

Founded

2017

Overview

Clumio offers data protection and backup services for Amazon Web Services (AWS) users, focusing on securing data against cyberattacks and operational disruptions. Their serverless and agentless platform simplifies the backup process by automatically identifying and backing up necessary data, which helps customers save over 30% on backup costs. Clumio's service ensures that stored data is immutable and undeletable, providing strong protection against threats like ransomware. Additionally, they assist businesses in meeting compliance requirements with secure backups and easy reporting.

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Simplify's Take

What believers are saying

  • Rick Underwood's leadership is expected to drive growth and innovation at Clumio.
  • Commvault's acquisition could enhance Clumio's market reach and resource availability.
  • Growing demand for cloud-native data protection boosts Clumio's market potential.

What critics are saying

  • Integration with Commvault may cause service disruptions or customer dissatisfaction.
  • Executive changes could lead to strategic shifts unsettling customer relationships.
  • Over-reliance on AWS exposes Clumio to risks from potential partnership changes.

What makes Clumio unique

  • Clumio offers a unified backup solution for on-premises and cloud environments.
  • Their platform is serverless and agentless, simplifying deployment and management for customers.
  • Clumio's data protection is immutable and undeletable, enhancing security against cyberattacks.

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Funding

Total Funding

$292.8M

Above

Industry Average

Funded Over

4 Rounds

Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.
Series D Funding Comparison
Meet Average

Industry standards

$77M
$70M
Twilio
$75M
Clumio
$80M
Handshake
$100M
Affirm

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

4%

2 year growth

2%
Vladan
Dec 3rd, 2024
Commvault at AWS re:Invent 2024: Innovating Cloud Resilience and Data Protection

Commvault recently acquired Clumio, an AWS data protection company.

Silicon Valley Journals
Sep 25th, 2024
Commvault Acquires Clumio, a Data Backup Provider

Commvault, a leading provider of data protection and management software, has announced its acquisition of cloud-based data backup and recovery provider

PR Newswire
Sep 24th, 2024
Commvault Accelerates Cyber Resilience Capabilities for AWS with Acquisition of Clumio

TINTON FALLS, N.J., Sept. 24, 2024 /PRNewswire/ - Commvault, a leading provider of cyber resilience and data protection solutions for the hybrid cloud, announced it will acquire Clumio, a technology leader in data protection for critical cloud data in AWS.

PR Newswire
Aug 27th, 2024
Under New Ceo Leadership, Clumio Doubles Down On Data Protection For Cloud-Native And Ai Applications Powered By Dynamodb

SANTA CLARA, Calif., Aug. 27, 2024 /PRNewswire/ -- Clumio, the leader in cloud data protection, today reaffirmed its commitment to delivering robust data resilience for the growing number of digital-native and AI-driven applications powered by AWS DynamoDB. The global cloud infrastructure market continues its rapid expansion, with enterprise spending reaching $79 billion in Q2 2024—a 22% increase from the same quarter in 2023, according to Synergy Research Group. This growth, driven by the surge in generative AI applications, underscores the increasing reliance on cloud services, with AWS maintaining its leadership position.Rick Underwood, Clumio CEORick Underwood, Clumio's newly appointed CEO, brings over a decade of leadership experience from his roles at industry-leading companies such as Snowflake and EMC, where he successfully drove revenue growth and spearheaded go-to-market strategies. Known for his strategic vision and hands-on approach, Rick is poised to lead Clumio through its next phase of growth. "Our mission is to lead the world in secure data management, protection, and availability for companies building digital-native, data intensive, and AI applications in the cloud," said Underwood

Economic Times
Jul 24th, 2024
Clumio appoints Jillian Souza as Chief People Officer

Clumio, a data backup and recovery for critical cloud data provider, announced the appointment of Jillian Souza as Chief People Officer, strengthening its executive team with her expertise.

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