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HYCU backup closes first funding round, eyes IPO
Coverage

HYCU backup closes first funding round, eyes IPO

Posted: 
March 30, 2021

HYCU plans to add 100 new employees and will consider going public. Bain Capital Ventures, which led the funding round, understands the data protection market well and can help HYCU get to the next level, said CEO Simon Taylor.

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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

HYCU backup closes first funding round, eyes IPO

Posted:
March 30, 2021

HYCU plans to add 100 new employees and will consider going public. Bain Capital Ventures, which led the funding round, understands the data protection market well and can help HYCU get to the next level, said CEO Simon Taylor.