Overview

OwnBackup provides data backup and recovery solutions for businesses, particularly those using SaaS applications like Salesforce. Their services include automated backups, notifications for data loss or corruption, and user-friendly recovery tools, which help businesses secure their data and manage risks. Additionally, OwnBackup offers tools for seeding quality data into development environments, aiding in performance improvement and compliance by archiving outdated data. The company operates on a subscription-based model, generating revenue through recurring fees for their services. The goal of OwnBackup is to enhance the value of data for businesses by ensuring its protection, accessibility, and management.

Simplify's Take

What believers are saying

• Salesforce's acquisition could provide OwnBackup with more resources and a broader customer base.
• The partnership with Cohesity may lead to technological advancements and expanded service offerings.
• Increased demand for data protection solutions as businesses migrate to cloud-based SaaS applications.

What critics are saying

• Integration challenges with Salesforce's AI technologies could delay synergy realization.
• Recent leadership changes may lead to strategic shifts disrupting operations and client relationships.
• Rebranding to 'Own Company' and new products may confuse existing customers.

What makes Own Data unique

• OwnBackup offers automated backups and proactive notifications for data loss or corruption.
• The company provides tools for seeding quality data into sandbox environments.
• OwnBackup's services enhance data accessibility and management for SaaS applications.

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Funding

Total Funding

$493.5M

Above

Industry Average

Funded Over

7 Rounds

Notable Investors:

Tiger GlobalInsight Partners

Notable Investors:

Tiger GlobalInsight Partners

$1,900,000,000

Acquisition

Sep 2024

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Acquisition Funding Comparison

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