Deals
Salesforce-Backed OwnBackup Valued at $1.4 Billion in Funding
- OwnBackup receives $167.5 million in fresh fundraising round
- Salesforce Ventures, Insight Partners, Sapphire among backers
Photographer: Krisztian Bocsi/Bloomberg
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OwnBackup, a startup that helps companies protect their data on Salesforce.com Inc. platforms, has been valued at almost $1.4 billion in a new funding round.
The company raised $167.5 million from a group of investors led by Salesforce Ventures, Insight Partners and Sapphire Ventures, according to a statement Thursday. Innovation Endeavors, Vertex Ventures and Oryzn Capital also participated.