OwnBackup Closes $3.5 Million Series A

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Innovation Endeavors Invests in Cloud-to-Cloud Backup Vendor Based on Early Success and Increasing Market Need

Led by data recovery visionaries, OwnBackup will quickly become the go-to solution for organizations that want to ensure they have the same level of data protection in their cloud environments as their on-premise applications.

OwnBackup, a leading cloud-to-cloud backup and recovery vendor, today announced the close of a $3.5 million Series A financing round led by Eric Schmidt’s Innovation Endeavors with participation from Oryzn Capital. The company will use the investment to accelerate its global growth, drive continued product innovation and significantly expand its engineering, development, sales and marketing teams.

“The increasing reliance on SaaS and PaaS environments will create new security and compliance challenges in the years ahead, but innovators like OwnBackup are helping organizations protect and recover that data when needed,” noted Yuval Shachar, investment partner at Innovation Endeavors. “Led by data recovery visionaries, OwnBackup will quickly become the go-to solution for organizations that want to ensure they have the same level of data protection in their cloud environments as their on-premise applications.”

OwnBackup already helps hundreds of customers across a variety of verticals protect critical cloud data—with a focus on Salesforce and the Force.com platform. From large Fortune 500s to non-profits, customers rely on its innovative technology to secure billions of SaaS records every day, prevent data corruption and meet compliance mandates.

OwnBackup provides automated cloud-to-cloud backup and best-in-class restore tools to minimize operational disruptions, ensure business continuity and meet compliance requirements. While designed for mid-sized and large enterprises that want to protect their business-critical SaaS application data, OwnBackup goes beyond basic backup and recovery to also provide customers with the tools they need to do more with their data.

“There is an enormous industry demand for automated, cloud-to-cloud backup and restore solutions, and we are the only vendor currently able to deliver. Organizations want to be able to easily manage and fully protect application data—regardless of where it lives,” said Sam Gutmann, CEO of OwnBackup. “This investment will help us fulfill our vision of becoming the single pane of glass for an enterprise to manage and protect all SaaS and PaaS application data stored in the cloud.”

Today, OwnBackup also officially graduates from the Microsoft Ventures Accelerator Program in Israel. “We were excited to work with the OwnBackup team over the past four months to help them achieve their vision and connect them with enterprises around the globe,” said Navot Volk, managing director, Microsoft Ventures Israel.

To learn more, check out how athenahealth protects over 180 million Salesforce records with OwnBackup.

Israeli high-tech industry veteran Yuval Shachar of Innovation Endeavors and Oryzn Capital’s Aviad Ariel will join the OwnBackup Board.

About OwnBackup
OwnBackup, a leading cloud-to-cloud backup and restore vendor, provides secure, automated, daily backups of SaaS and PaaS data, as well as sophisticated data compare and restore tools for disaster recovery. OwnBackup covers data loss and corruption caused by human errors, malicious intent, integration errors and rogue applications. Co-founded by seasoned data-recovery, data-protection and information-security experts, OwnBackup is the top-ranked backup and restore ISV on the Salesforce.com AppExchange and was selected as a Gartner 2015 “Cool Vendor” in Business Continuity and IT Disaster Recovery. For more information, visit http://www.ownbackup.com.

About Innovation Endeavors
Innovation Endeavors is an early-stage venture capital firm partnering with startups that apply cutting edge technology to transform large industries. The firm runs a dedicated global team and builds industry networks to create value for its portfolio companies. Innovation Endeavors has offices in Silicon Valley and Tel-Aviv, and is solely backed by Eric Schmidt, the Executive Chairman of Google. Please visit http://www.innovationendeavors.com to learn more.

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Erica Camilo
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