News

HYCU raised $87.5 million
Coverage

HYCU raised $87.5 million

Posted: 
April 5, 2021

HYCU, the growing SaaS backup vendor, delivers a major milestone with a round A of $87.5 million. It demonstrates a real trust in the company and in the footprint the firm has strongly built. Details of the deal are not public of course and we don't know the dilution and the valuation of the company for this 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 raised $87.5 million

Posted:
April 5, 2021

HYCU, the growing SaaS backup vendor, delivers a major milestone with a round A of $87.5 million. It demonstrates a real trust in the company and in the footprint the firm has strongly built. Details of the deal are not public of course and we don't know the dilution and the valuation of the company for this round.