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HYCU Receives Series A Funding of $87.5 Million
Coverage

HYCU Receives Series A Funding of $87.5 Million

Posted: 
March 30, 2021

Today HYCU, Inc. announced an initial venture capital funding of $87.5 million led by Bain Capital Ventures. This Series A round comes almost three years after the company was founded and with an established base of 2,000 customers in 75 countries. What happens next for this data protection company?

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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 Receives Series A Funding of $87.5 Million

Posted:
March 30, 2021

Today HYCU, Inc. announced an initial venture capital funding of $87.5 million led by Bain Capital Ventures. This Series A round comes almost three years after the company was founded and with an established base of 2,000 customers in 75 countries. What happens next for this data protection company?