Clumio raises $51 million for cloud-hosted data backup and recovery tools

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“Enterprise workloads are being ‘SaaS-ified’ because IT can no longer afford the time, complexity and expense of building and managing heavy on-prem hardware and software solutions if they are to successfully deliver against their digital transformation initiatives,” said Kumar, who cofounded the company with VMware and Nutanix veterans Woon Ho Jung and Kaustubh Patil in 2017
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