About IDrive
IDrive is a company based in Calabasas (United States) founded in 1995. IDrive has raised $3 million across 2 funding rounds from investors including Main Street Capital. The company has 391 employees as of April 02, 2024. IDrive has completed 3 acquisitions, including Michael's Subaru of Bellevue, Southwest Kia and Subaru of Mobile. IDrive offers products and services including IDrive Cloud Backup, IDrive e2, RemotePC, and Cloud Applications Backup. IDrive operates in a competitive market with competitors including Box, Acronis, Rubrik, Veeam and Dropbox, among others.
- Headquarter Calabasas, United States
- Employees 391 as on 02 Apr, 2024
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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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- Legal Name Idrive Software (India) Private Limited
- Date of Incorporation 14 Nov, 2000
- Jurisdiction Bangaluru, Karnataka, India
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Annual Revenue
$10.52 M (USD)20.65as on Mar 31, 2023
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Net Profit
$502.44 K (USD)254.98as on Mar 31, 2023
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EBITDA
$831.58 K (USD)96.86as on Mar 31, 2023
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Total Equity Funding
$3 M (USD)
in 2 rounds
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Latest Funding Round
$3 M (USD), Series A
Dec 19, 2022
- Investors
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Employee Count
391
as on Apr 02, 2024
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Investments & Acquisitions
Michael's Subaru of Bellevue
& 2 more
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Products & Services of IDrive
IDrive offers a comprehensive portfolio of products and services, including IDrive Cloud Backup, IDrive e2, RemotePC, and Cloud Applications Backup.
Secure service for backing up personal and business data across devices
Amazon S3-compatible storage for cost-effective data management
Software for remote desktop connections and file access
Backup solutions for apps like Microsoft Office 365 and Google Workspace
People of IDrive
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Funding Insights of IDrive
IDrive has successfully raised a total of $3M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $3 million completed in December 2022. 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.
Investors in IDrive
IDrive has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Main Street Capital.
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Diversified alternative assets are managed via investment strategies.
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Investor details for IDrive
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Investments & Acquisitions by IDrive
IDrive has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Michael's Subaru of Bellevue, Southwest Kia and Subaru of Mobile.
Investment portfolio details for IDrive
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- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Subaru vehicles are sold and serviced through a Bellevue dealership.
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Locked | Locked | 2017 | Locked | |
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Provider of dealership services for selling new & used cars
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Locked | Locked | 2006 | Locked | |
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Car dealership services are offered by Southwest Kia in Dallas.
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Locked | Locked | 2001 | Locked |
Complete acquisition details for IDrive
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- Acquired stakes
- Disclosed values
- Domains and locations
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Financial Statements - IDrive
Detailed financials for IDrive
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- Profit trends
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Idrive Comparisons
Peer comparison for IDrive
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Competitors of IDrive
IDrive 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 Box, Acronis, Rubrik, Veeam and Dropbox, among others.
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AI-based platform for secure collaboration and content management is utilized.
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Cloud-based enterprise management solutions including backup and recovery are provided.
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Converged data management solutions are provided for backup and recovery.
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IT backup and recovery solutions are provided via cloud platform.
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Cloud-based file sharing and collaboration tools are offered for enterprises.
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Cloud-based file sharing and file transfer application
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Detailed competitors of IDrive
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- Full company profiles
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Latest news on Idrive
Complete news archive for IDrive
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- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Frequently Asked Questions about IDrive
IDrive was founded in 1995 and raised its 1st funding round 8 years after it was founded.
IDrive is headquartered in Calabasas, United States. It is registered at Calabasas, California, United States.
IDrive is a funded company, having raised a total of $3M across 2 funding rounds to date.
As of Apr 02, 2024, the latest employee count at IDrive is 391.
Annual revenue of IDrive is $10.52M as on Mar 31, 2023.
IDrive was founded in 1995 and is headquartered in Calabasas, United States. Cloud storage, online backup, file syncing, remote access, and compliance technologies are developed and offered by the privately held company. Consumer, small business, and enterprise markets are served through products including IDrive, IDriveSync, IBackup, and RemotePC. Operations focus on data protection and accessibility across various sectors.
IDrive offers IDrive Cloud Backup, IDrive e2, RemotePC, and Cloud Applications Backup.
IDrive has made 3 acquisitions, including Michael's Subaru of Bellevue, Southwest Kia, and Subaru of Mobile.
IDrive has 1 investor. Key investors include Main Street Capital.