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HYCU Raises $87.5 Million in Series A Funding Round
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HYCU Raises $87.5 Million in Series A Funding Round

Posted: 
March 30, 2021

HYCU, Inc. has announced it has closed an $87.5 million Series A financing round. Led by Bain Capital Ventures, this new funding reinforces HYCU’s market position and continued momentum, and will also allow the company to hire more than 100 new employees in the Boston area to achieve rapid scale. HYCU is now set to consolidate on wide market penetration, as the first as a Service, cloud-native backup and recovery solution provider for both on-prem and public cloud IT environments. Additionally, 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 Raises $87.5 Million in Series A Funding Round

Posted:
March 30, 2021

HYCU, Inc. has announced it has closed an $87.5 million Series A financing round. Led by Bain Capital Ventures, this new funding reinforces HYCU’s market position and continued momentum, and will also allow the company to hire more than 100 new employees in the Boston area to achieve rapid scale. HYCU is now set to consolidate on wide market penetration, as the first as a Service, cloud-native backup and recovery solution provider for both on-prem and public cloud IT environments. Additionally, Acrew Capital also participated in the round