Chennai-based SysCloud, which provides data backup service for Google Apps has raised $2.5 million in its Series A funding round led by Inventus Capital Partners, with participation from existing investor Kae Capital.
SysCloud plans to use the funds to ramp up its sales and marketing activities and scale current operations, in addition to accelerating development for product innovation, the company said in a statement. The company wants to expand its services to other online tools like Office 365, Salesforce, Dropbox and Box after the round of funding.
The company was founded in 2010 and claims to have 500,000+ customers in 32 countries.
“At SysCloud, we’re focused on providing the highest level of data security, and this funding allows us to build on our current product innovations to cover other cloud-based collaboration tools, including Microsoft Office 365, Salesforce, Dropbox and Box,” said Vijay Krishna, CEO of SysCloud.
“As we continue to read about data breaches among some of the largest companies around the world, SysCloud’s data security suite is becoming an invaluable tool for companies and organisations with sensitive data. The growth that SysCloud has seen in the past year is testimony to the company’s success and we are looking forward to partnering with them as they continue to disrupt the market,” said John Dougery, Managing Director of Inventus Capital.
“For us at Kae, the growth of SysCloud has been very exciting to witness as an early investor in the company. Kae is privileged to be associated with Vijay and his team over the last two years and we welcome Inventus to the Syscloud partnership,” said Sasha Mirchandani, managing director of Kae Capital.