Alkeon Capital and B Capital led a $240m Series E funding round OwnBackup.

Alkeon Capital, a privately owned registered investment adviser, and B Capital, a global firm specializing in equity investing, led a $240m Series E funding round OwnBackup, a developer of cloud data protection platform built to prevent and manage data loss and corruption crises. Additional investors include BlackRock, Tiger Global, Insight Partners, Salesforce Ventures, Sapphire Ventures, and Vertex Ventures. “Our commitment to protecting our customers’ data and providing solutions that enable precise, rapid recovery continues to grow. While the cloud is crucial to doing business, the mass adoption of SaaS has resulted in a huge amount of data, and our work with Salesforce, Microsoft and other critical SaaS ecosystems enables companies to thrive in today’s digitally driven world. The story of every business is written with data, and this latest round of funding will support our ongoing vision to empower our customers to own and protect their data on any cloud platform," Sam Gutmann, OwnBackup CEO.