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. 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.
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
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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.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $3.0M
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2022 | Amount | Series A - IDrive | Valuation |
investors |
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| Jun, 2003 | Amount | Private Equity Round - IDrive | Valuation |
investors |
| 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 IDrive
IDrive has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Main Street Capital. 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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Diversified alternative assets are managed via investment strategies.
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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 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. 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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Subaru vehicles are sold and serviced through a Bellevue dealership.
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2017 | ||||
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Provider of dealership services for selling new & used cars
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2006 | ||||
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Car dealership services are offered by Southwest Kia in Dallas.
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2001 |
| 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 - IDrive
| 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 |
Idrive Comparisons
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. 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-based platform for secure collaboration and content management is utilized.
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| domain | founded_year | HQ Location |
Cloud-based enterprise management solutions including backup and recovery are provided.
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| domain | founded_year | HQ Location |
Converged data management solutions are provided for backup and recovery.
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| domain | founded_year | HQ Location |
IT backup and recovery solutions are provided via cloud platform.
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| domain | founded_year | HQ Location |
Cloud-based file sharing and collaboration tools are offered for enterprises.
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| domain | founded_year | HQ Location |
Cloud-based file sharing and file transfer application
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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 Idrive
Frequently Asked Questions about IDrive
When was IDrive founded?
IDrive was founded in 1995 and raised its 1st funding round 8 years after it was founded.
Where is IDrive located?
IDrive is headquartered in Calabasas, United States. It is registered at Calabasas, California, United States.
Is IDrive a funded company?
IDrive is a funded company, having raised a total of $3M across 2 funding rounds to date.
How many employees does IDrive have?
As of Apr 02, 2024, the latest employee count at IDrive is 391.
What is the annual revenue of IDrive?
Annual revenue of IDrive is $10.52M as on Mar 31, 2023.
What does IDrive do?
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.
What products or services does IDrive offer?
IDrive offers IDrive Cloud Backup, IDrive e2, RemotePC, and Cloud Applications Backup.
How many acquisitions has IDrive made?
IDrive has made 3 acquisitions, including Michael's Subaru of Bellevue, Southwest Kia, and Subaru of Mobile.
Who are IDrive's investors?
IDrive has 1 investor. Key investors include Main Street Capital.
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