About Backupify
Backupify is a company based in Norwalk (United States) founded in 2008 was acquired by Datto in December 2014.. Backupify has raised $19.35 million across 5 funding rounds from investors including Datto, Symantec and Avalon Ventures. The company has 69 employees as of December 31, 2022. Backupify has completed 1 acquisition, including TweetBackup. Backupify offers products and services including Google Workspace Backup and Microsoft 365 Backup. Backupify operates in a competitive market with competitors including Druva, Datto, Dropsuite, Keepit and StorageCraft, among others.
- Headquarter Norwalk, United States
- Employees 69 as on 31 Dec, 2022
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Sectors
Technology
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Phone
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Website
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Social
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Products & Services of Backupify
Backupify offers a comprehensive portfolio of products and services, including Google Workspace Backup and Microsoft 365 Backup. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Automates backup and recovery for Google Workspace data and files.
Enables secure backup of Microsoft 365 apps like Exchange and OneDrive.
Funding Insights of Backupify
Backupify has successfully raised a total of $19.35M across 5 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $3 million completed in January 2014. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Debt – Conventional — $3.0M
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First Round
First Round
(08 Feb 2010)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2014 | Amount | Debt – Conventional - Backupify | Valuation |
investors |
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| Jul, 2012 | Amount | Series C - Backupify | Valuation | Symantec , Avalon Ventures |
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| Sep, 2011 | Amount | Series B - Backupify | Valuation | Lowercase Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Backupify
Backupify has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include Datto, Symantec and Avalon Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Seed and early-stage venture capital is provided to US companies.
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Founded Year | Domain | Location | |
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Investment and transformation services for entrepreneurs in technology and finance sectors.
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Founded Year | Domain | Location | |
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VC & PE firm
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Backupify
Backupify has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include TweetBackup. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Twitter data backups and management are provided online.
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2008 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Backupify
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Backupify Comparisons
Competitors of Backupify
Backupify operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Druva, Datto, Dropsuite, Keepit and StorageCraft, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Enterprise data is protected across cloud, SaaS, and devices.
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| domain | founded_year | HQ Location |
Cloud-based continuity management software is offered for business protection.
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| domain | founded_year | HQ Location |
Back up products
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| domain | founded_year | HQ Location |
Cloud-to-cloud SaaS data backups are provided for various services.
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| domain | founded_year | HQ Location |
Backup solutions are provided for enterprises, OEMs, and small businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Backupify
Frequently Asked Questions about Backupify
When was Backupify founded?
Backupify was founded in 2008 and raised its 1st funding round 2 years after it was founded.
Where is Backupify located?
Backupify is headquartered in Norwalk, United States.
Is Backupify a funded company?
Backupify is a funded company, having raised a total of $19.35M across 5 funding rounds to date. The company's 1st funding round was a Series B of $5M, raised on Feb 08, 2010.
How many employees does Backupify have?
As of Dec 31, 2022, the latest employee count at Backupify is 69.
What does Backupify do?
Backupify was founded in 2008 in Norwalk, United States, within the cloud computing sector. Backup services for data from platforms such as Gmail, Facebook, and Twitter are offered through an integrated system. Archiving, search, and restoration features are supported, with data stored securely. Operations enable easy retrieval and transfer of information across cloud environments, serving users in data management needs.
Who are the top competitors of Backupify?
What products or services does Backupify offer?
Backupify offers Google Workspace Backup and Microsoft 365 Backup.
How many acquisitions has Backupify made?
Backupify has made 1 acquisition, including TweetBackup.
Who are Backupify's investors?
Backupify has 7 investors. Key investors include Datto, Symantec, Avalon Ventures, General Catalyst, and Lowercase Capital.
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