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HYCU Secures $87.5 Million in Series A Funding!
Coverage

HYCU Secures $87.5 Million in Series A Funding!

Posted: 
April 6, 2021

A Series-A fundraising round, led by Bain Capital Ventures, has helped HYCU, the software and multi-cloud specialist enterprise, secure $87.5 million in funding. Owing to this funding round, HYCU can now focus on improving its scaling capabilities and hire over 100 employees to effectuate that end. Further, this financing also goes a long way towards ensuring that HYCU pulls further ahead into its already-subsisting lead in the market.

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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 Secures $87.5 Million in Series A Funding!

Posted:
April 6, 2021

A Series-A fundraising round, led by Bain Capital Ventures, has helped HYCU, the software and multi-cloud specialist enterprise, secure $87.5 million in funding. Owing to this funding round, HYCU can now focus on improving its scaling capabilities and hire over 100 employees to effectuate that end. Further, this financing also goes a long way towards ensuring that HYCU pulls further ahead into its already-subsisting lead in the market.