News

HYCU Closed $87.5 Million Series A
Coverage

HYCU Closed $87.5 Million Series A

Posted: 
March 30, 2021

Led by Bain Capital Ventures, this new funding reinforces HYCU’s market position and continued momentum, and will enable the company to hire more than 100 new employees in the Boston, MA area to achieve rapid scale. The company is now poised to consolidate on market penetration, as a service, cloud-native backup and recovery solution provider for both on-premises and public cloud IT environments. Acrew Capital also participated in the round.

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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 Closed $87.5 Million Series A

Posted:
March 30, 2021

Led by Bain Capital Ventures, this new funding reinforces HYCU’s market position and continued momentum, and will enable the company to hire more than 100 new employees in the Boston, MA area to achieve rapid scale. The company is now poised to consolidate on market penetration, as a service, cloud-native backup and recovery solution provider for both on-premises and public cloud IT environments. Acrew Capital also participated in the round.