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HYCU Lands $87.5M Series A Led by Bain Capital Ventures, Plans 100 Boston Hires
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HYCU Lands $87.5M Series A Led by Bain Capital Ventures, Plans 100 Boston Hires

Posted: 
March 30, 2021

HYCU, a Boston startup specializing in multi-cloud data protection, announced Tuesday it closed on a massive $87.5 million Series A. The round was led by Bain Capital Ventures and leaves the four-year-old company poised to dominate the burgeoning data and backup recovery space, an industry that is projected to be worth more than $11 billion by next year.

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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 Lands $87.5M Series A Led by Bain Capital Ventures, Plans 100 Boston Hires

Posted:
March 30, 2021

HYCU, a Boston startup specializing in multi-cloud data protection, announced Tuesday it closed on a massive $87.5 million Series A. The round was led by Bain Capital Ventures and leaves the four-year-old company poised to dominate the burgeoning data and backup recovery space, an industry that is projected to be worth more than $11 billion by next year.