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for seeding quality data into development environments, aiding in performance improvement and compliance by archiving outdated data.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 it is protected, manageable, and insightful.

Simplify's Take

What believers are saying

• Rising cyber threats increase demand for robust data backup solutions.
• Cloud migration trends expand OwnBackup's market reach and customer base.
• Regulatory requirements for data protection boost demand for compliance-focused solutions.

What critics are saying

• Emerging SaaS data protection startups increase market competition.
• Economic downturns may reduce IT budgets, affecting subscription renewals.
• Rapid evolution of data privacy regulations could increase operational costs.

What makes OwnBackup unique

• OwnBackup specializes in SaaS data protection, focusing on Salesforce applications.
• The company offers automated backups and proactive data loss notifications.
• OwnBackup provides data seeding for development, training, and testing environments.

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Funding

Total Funding

$507.3M

Above

Industry Average

Funded Over

6 Rounds

Notable Investors:

Insight Partners

Notable Investors:

Insight Partners

$240,000,000

Series E

Aug 2021

Series E funding typically includes additional rounds after Series D if the company needs more capital. The business is usually stable, and these rounds are typically used for further expansion or to address market challenges.

Series E Funding Comparison

Above Average

Industry standards

Ind Avg. $100M

$30M

$240M

$245M

$250M

$1250M

$1500M

View all funding stages