Clumio announces $75M Series D and 4X YoY growth in ARR

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Clumio SaaS Continues to Disrupt $10 Billion Market by Redefining Backup for the All Cloud Enterprise

27 Feb 2020

Company Reports Product Validation by Industry and Customers; Announces Snowflake’s Chief Revenue Officer Chris Degnan as New Board Member

SANTA CLARA, Calif. – Feb. 27, 2020 — Clumio, innovators of authentic SaaS for enterprise backup, today announced significant company, customer and product momentum as it delivers a globally consolidated data protection service in, for and to the public cloud. Since unveiling its authentic SaaS for enterprise backup last year, the company is already protecting more than 8PB of customer data and has more than tripled its employee headcount.

Clumio enables enterprises to make their all cloud vision a reality so that they can manage and protect their dispersed data — wherever that data resides. Companies can reap the full scalability, flexibility and elasticity benefits of the cloud – without additional hardware or software for data management and protection. Clumio’s secure enterprise backup as a service is a holistic solution that crosses environments, eliminating the need to create a different set of tools, workflows, and policies for each cloud. The result: enterprises can focus on more strategic aspects of the business.

Clumio, which has secured $186M in total funding to date, also welcomed new board member Chris Degnan, CRO at Snowflake Computing. Just as Clumio is disrupting the backup market with SaaS built on AWS, Snowflake — a company that has achieved a $12.4B valuation — disrupted the data warehousing market by tapping the scale, elasticity and economics of the public cloud.

“We launched Clumio to build a data management platform in the cloud the right way. Effective, economical and compliant data protection is a major cloud barrier and enterprises are going to struggle to get over it if they don’t approach the problem differently than they did in the data center,” said Poojan Kumar, Clumio CEO and co-founder. “Unlike competitors who are limited by legacy architectures and a ‘lift and shift’ mindset, Clumio is the ‘born in the cloud’ SaaS alternative that scales on demand, has predictable pricing and is simple to manage. We are redefining the enterprise backup experience for our customers.”

The Data Protection as a Service market – which includes spend on backup and disaster recovery cloud services – is projected to reach the $10 billion mark by 2022, according to IDC [1]. Enterprises have already moved their data warehouse, CRM and IT service management workloads to the cloud, and Clumio is doing the same for data protection. Clumio is a secure, backup as a service that consolidates the protection of an enterprise data center and any remote sites without any hardware or software to size, configure, manage or buy.

“Just as Snowflake took the data warehouse to the cloud to completely change the analytics experience, Clumio has recognized that data protection is another perfect use case to leverage the power of the public cloud and is doing so the right way,” said Chris Degnan, Snowflake CRO and Clumio board member. “Given Snowflake’s success creating a cloud data platform and the obvious parallels with Clumio, I look forward to sharing my experience with the entire team. I’m confident Clumio is attacking the data protection problem in the cloud in a way that will allow enterprises to successfully accelerate their cloud journeys.”

“Clumio’s secure backup as a service fits perfectly with our SaaS-first, cloud-first approach to managing and protecting data. Data in the cloud requires a different treatment when it comes to security, and Clumio has been the cloud ‘easy button’ for us,” said Thomas Dixon, ISO and director of Information Security and Infrastructure, Cal State East Bay. “Clumio bolsters our aggressive cloud initiatives, and its ability to support multiple workloads with a single service and a single set of backup policies provides always-on security to our data, wherever it resides.”

Since officially launching its flagship backup as a service product in August 2019, Clumio has marked the following corporate, customer and product-related milestones:


  • Raised $186M in total funding in less than two-and-a-half years since inception, including a $135M Series C round led by Sutter Hill Ventures in November 2019.
  • More than tripled its employee headcount, adding almost 80 new employees across all locations.
  • Opened a research and development center in Bangalore, adding more than 20 employees in six months with plans for significant growth.
  • Made a number of key strategic hires, including: Chadd Kenney, VP and chief technologist; Brian Kerr, VP finance; Shane Jackson, VP marketing; Glenn Mulvaney, VP of cloud operations and security; Sandeep Soni, GM and VP of engineering, India Operations; Jess Taclas, VP inside sales; and Chris Degnan, board member.


  • Rapidly added new subscribers, including healthcare, higher education and state/local government organizations, most of which are SaaS-first, cloud-first organizations. Additions include: St. Charles Health System, Cal State East Bay, The City of Davenport, Cole, Scott and Kissane (CSK) and Zetron.
  • Selected by customers over market incumbents for its predictable costs, global compliance capabilities, granular search and always-on security.
  • Implemented a partner-only go-to-market strategy to accelerate Clumio scale and reach.


  • Announced secure SaaS backup for VMware and VMware Cloud on AWS. The company’s single “built in the cloud” service provides a cost-predictive, simple and secure solution to back up virtual machines in a hybrid IT environment.  Announced secure SaaS backup for AWS, a new service that eclipses snapshot-only protection to reduce risk of data loss, increase security and lower retention costs.
  • Released multiple features and innovations including real-time dashboards for central management of backup and recovery across all data sources; automatic resource scaling and rapid recovery, enabling fast operational restores from the cloud; single set of backup policies for all backups managed by Clumio; and end-to-end encryption and always-on security that protects data at rest and in-transit.
  • Enabled by SaaS, provided proactive customer support, identifying problems and opening tickets often before the customer was even aware of an issue. In fact, Clumio proactively identified and triaged issues for the customer 68 percent of the time.



  • Earned three industry-recognized auditing standards certifications and compliance designations, underscoring Clumio’s commitment to providing secure, competitive and trusted solutions to customers: AICPA SOC/SSAE 18 SOC 2 Type 1, ISO/IEC 27001:2013 and HIPAA for healthcare organizations.

Awards and Accolades

  • Earned two VMworld awards: “VMworld Best of Show 2019” and the “Gold Winner” in the Data Protection category. Contest judges praised Clumio for “baking security into everything [they] did” and offering “a cost model built for the cloud.”
  • Recognized as a finalist in TechTarget’s SearchStorage 2019 Product of the Year Awards for the Backup and DR Hardware, Software and Services category.

Additional Resources

About Clumio
Clumio is the innovator of authentic SaaS for enterprise backup. Using this secure service, organizations eliminate hardware and software for on-premise backup and avoid the complexity and cost of running third-party backup software in the cloud. As enterprises move aggressively to cloud, they use Clumio to protect workloads like VMware Cloud on AWS and AWS native services. Born in the public cloud, Clumio can leverage the most modern cloud services to ensure it meets the current and future backup requirements of the most demanding enterprises. For more information, visit:


Media Contact
Danielle Salvato-Earl
Offleash for Clumio

[1] IDC, Worldwide Data Protection as a Service Forecast, 2018–2022: Initial Market Sizing, #US44108018, July 2018.

About Clumio

Clumio helps organizations simplify data protection in AWS. Its secure air-gapped SaaS backup solution enables organizations to achieve ransomware protection, stringent compliance requirements, backup and restore data in minutes, and gain better visibility to optimize cloud storage costs. Join a community of passionate users and try Clumio for free today.

Clumio is a registered trademark of Clumio Inc. All other marks and names mentioned herein may be trademarks of their respective companies. This article may contain hyperlinks to non-Clumio websites that are created and maintained by third parties who are solely responsible for the content on such websites.

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