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Sutter Hill Ventures led a $75m Series D round in Clumio.

Synopsis

Sutter Hill Ventures, an American private equity firm, led a $75m Series D round in Clumio, a data backup and recovery company, with participation from Index Ventures, Altimeter Capital and NewView Capital. “Customers have reached a point of maturity in the public cloud where backup and recovery of their critical data is now a top priority. It is foundational to their operational resilience, ransomware recovery, and regulatory compliance needs. Because traditional backup and recovery vendors are not architected for public cloud applications, Clumio is seeing a deluge of demand across cloud databases, data lakes, and high-performance storage. We will use our Series D funding to accelerate our momentum in these areas, across the major cloud providers,” Poojan Kumar, Clumio Co-Founder and CEO.

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