Druva IPO

Druva was founded in 2008 by Jaspreet Singh, Milind Borate, and Ramani Kothandaraman. While CEO Singh stated that "the best outcome for Druva is, obviously, to be a public company," he added that a timeline was "to be seen." These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

Druva is a cloud-based data protection and management platform. The company has raised $475 million in venture capital funding, most recently in a 2021 Equity Funding round that brought in $147 million from CDPQ, the Neuberger Berman Group, Atreides Management, and Viking Global Investors. Other investors include Tenaya Capital, Nexus Venture Partners, Riverwood Capital, Sequoia India, and Hercules Capital. Since 2018, the company has acquired CloudRanger, CloudLanes, and SFApex. The latest round of funding increased Druva's valuation to more than $2 billion.