Tech funding: Datrium closes $60 mn

Datrium, a provider of hybrid cloud computing and data management, closed $60 million in Series D funding — led by Samsung Catalyst Fund, with participation from Icon Ventures, and existing investors NEA and Lightspeed Venture Partners.
US dollar
Recent Datrium achievements and innovations have included the industry’s highest-capacity workload performance benchmark against an on-prem DVX shared data pool; Cloud DVX, offering 2x – 10x lower AWS costs for cloud backup; and CloudShift, DR orchestration for on-prem and cloud for Datrium’s single data stack, enabling guarantees of DR readiness and instant-RTO workload restarts on-prem.

Enterprises have welcomed these hybrid cloud innovations with more than 30 percent of new Datrium customers adopting the company’s Cloud DVX in the first three months of availability.

Fortune 100 customers across industries such as financial services, healthcare, manufacturing, and entertainment have already implemented Datrium and simplified their hybrid cloud operating models.

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