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Cloud backup startup plans hiring spree with $87.5M in first VC financing
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Cloud backup startup plans hiring spree with $87.5M in first VC financing

Posted: 
March 30, 2021

Boston-based company Hycu Inc. (pronounced "haiku"), which has 200 worldwide employees including 25 in Massachusetts, has been privately funded since its launch in 2017, when it started as Comtrade Software. So-called "super-sized" Series A rounds have been increasing in frequency and size in recent years.

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About HYCU

HYCU is the fastest-growing leader in the multi-cloud backup and recovery as a service industry. By bringing true SaaS-based data backup to both on-premises and cloud-native environments, the company provides unparalleled data protection, migration and disaster recovery to more than 2,700 companies worldwide. HYCU’s award-winning, purpose-built solutions eliminate the complexity, risk and high cost of legacy-based solutions, providing data protection simplicity in a hyper-connected, multi-cloud world. Customers experience frictionless, cost-effective data backup and recovery, no matter where their data resides. Based in Boston, Mass., the company employs 200 people across the globe. Learn more at www.hycu.com.

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Coverage

Cloud backup startup plans hiring spree with $87.5M in first VC financing

Posted:
March 30, 2021

Boston-based company Hycu Inc. (pronounced "haiku"), which has 200 worldwide employees including 25 in Massachusetts, has been privately funded since its launch in 2017, when it started as Comtrade Software. So-called "super-sized" Series A rounds have been increasing in frequency and size in recent years.