Clumio
Overview
Clumio is a cloud-based data backup and recovery provider headquartered in Santa Clara, California. Founded in 2017 by Poojan Kumar, Kaustubh Patil, and Woon Ho Jung, Clumio aims to simplify data protection in the cloud. The company focuses on providing a secure backup-as-a-service solution for enterprise clients, facilitating the seamless backup and recovery of data across multiple cloud environments and applications such as AWS and Microsoft 365. As of 2024, Clumio has raised a total of $261 million in venture capital funding, with the latest being a $75 million Series D round in February 2024.
Recent Developments
- September 2024: Clumio was acquired by Commvault for $47 million. This strategic acquisition aims to enhance Commvault's cyber resilience capabilities, particularly in AWS environments. The acquisition is expected to close in early October 2024.
- February 2024: Clumio secured a $75 million Series D funding led by Sutter Hill Ventures. This round followed a significant year-over-year growth in annual recurring revenue (ARR) driven by enterprise customer adoption.
- June 2024: Rick Underwood, who previously held the position of Chief Revenue Officer, assumed the role of CEO at Clumio, as former CEO Poojan Kumar transitioned to the role of Chairman.
- 2024 Product Updates: Clumio released an updated CloudFormation Template and Terraform Provider to enhance data protection services, enabling more efficient CloudWatch event rules and S3 bucket metrics configurations.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2017 |
| Headquarters | Santa Clara, CA, USA |
| Founders | Poojan Kumar, Kaustubh Patil, Woon Ho Jung |
| Revenue | Double-digit millions in ARR |
| Key Investors | Sutter Hill Ventures, Index Ventures, NewView Capital |
| Industry | Cloud Data Backup and Recovery |
| Number of Employees | Approximately 200 |
Early History
Clumio was founded in 2017 by experienced entrepreneurs and engineers Poojan Kumar, Kaustubh Patil, and Woon Ho Jung, who envisioned a cloud-native solution for enterprise data protection. The company emerged with backing from leading venture capitalists including Sutter Hill Ventures. Initially focusing on delivering backup-as-a-service for cloud-based operations, Clumio launched its services through a SaaS platform designed for AWS. Early milestones for Clumio included successful funding rounds and recognitions such as "Best of Show" at VMworld for its innovative approach to data backup.
Company Profile and Achievements
Clumio differentiates itself with a secure, scalable SaaS platform offering comprehensive backup and recovery services. The platform integrates seamlessly with AWS services, providing air-gapped, immutable backup solutions designed to protect critical data from ransomware and other cyber threats. Key achievements include:
- 2019: Raised $135 million in a Series C funding round.
- 2020: Expanded its R&D presence in Bangalore, India.
- 2023-2024: Achieved a 4X growth in ARR, driven by acquisitions of high-profile enterprise customers like Atlassian and LexisNexis.
- Awards: Recognized by InfoWorld as Technology of the Year in the Cloud Compliance and Governance category in 2023.
Current Operations and Market Position
Clumio provides data protection solutions primarily focusing on AWS workloads, leveraging its platform's capability to offer seamless backup and recovery. The platform supports a wide range of applications including Amazon S3, EC2, and Microsoft 365, allowing enterprises to maintain compliance and data security. Clumio's strategic focus on AWS positions it strongly in the cloud backup market, further bolstered by Commvault's acquisition which promises to integrate and expand Clumio's offerings into broader cyber resilience solutions.
Clumio Layoffs
In February 2024, Clumio experienced layoffs as part of restructuring efforts amidst the rapidly evolving technological landscape. The layoffs were part of strategic initiatives to streamline operations and focus resources on core areas aligned with market demand.
Clumio CEO
Rick Underwood took over as the CEO of Clumio in June 2024 following the transition of co-founder Poojan Kumar to the Chairman's role. Underwood's leadership focuses on driving Clumio's market strategy towards expanding cloud-native data protections especially within public cloud environments.
Conclusion
Clumio stands out as an innovative leader in cloud data backup and recovery solutions, leveraging its cloud-native design to meet the growing demands of modern enterprises. The company's integration into Commvault's operations marks a significant step in enhancing cyber resilience capabilities, particularly for AWS users. Clumio's robust growth trajectory, driven by technological innovation and strategic partnerships, positions it as a significant player in the cloud data protection industry, with an eye towards expanding its reach and enhancing offerings for global enterprises.