Keepit Raises $50 Million to Enhance SaaS Data Protection

Keepit Secures Funding to Accelerate Growth

Keepit, the world’s only independent, cloud-native data protection and backup provider, has successfully raised $50 million to scale its innovative solutions. This most recent funding round was spearheaded by One Peak and the Export and Investment Fund of Denmark (EIFO). The total capital raised by Keepit now reaches approximately $90 million, underscoring a robust trajectory of growth and investor confidence.

Investment Aimed at Expanding Market Reach

The new infusion of capital is aimed at bolstering Keepit’s go-to-market strategies and fostering product innovation, vital for its expanding base of enterprise customers. With the mission to provide a dedicated and vendor-independent infrastructure for SaaS data protection, Keepit has already garnered a user base of over 5 million people around the world.

Key Markets and Global Expansion

This recent funding drive positions Keepit to accelerate its global expansion efforts, particularly focusing on high-growth regions like the United States and Europe. The company aims to strengthen partnerships with other organizations to enhance service delivery and customer satisfaction.

Advancing Product Innovation

Simultaneous to its market expansion, Keepit is set to heighten its emphasis on innovative product development. The goal is to offer comprehensive solutions that protect SaaS data effectively while providing advanced data management features that meet the evolving needs of enterprise customers.

Leadership Commitment to Growth

Keepit’s co-founders, Morten Felsvang and Frederik Schouboe, highlighted their dedication to innovation in data protection solutions. They emphasized that this new funding will empower them to widen their outreach and continue to develop cutting-edge services. Their proactive approach facilitates responses to the pressing data protection challenges faced by businesses globally.

David Klein, a managing partner at One Peak, acknowledged Keepit’s impressive growth and innovation in the cloud data protection sector. He articulated that the demand for secure, independent solutions is surging, and Keepit is well-positioned to meet this market need effectively.

Confidence from EIFO

Jacob Bratting Pedersen from EIFO reiterated the importance of Keepit’s vendor-independent approach in the cloud-native landscape. He stated that their investment is not merely a financial transaction, but a commitment to supporting a transformative company that is altering the data security paradigm.

About One Peak

One Peak is a prominent growth equity firm managing $2.0 billion, specializing in technology companies in their scale-up phases. With a focus on providing both growth capital and operational expertise, One Peak aims to turn innovative businesses into significant market leaders.

About EIFO

The Export and Investment Fund of Denmark serves as both a promotional bank and an export credit agency, supporting Danish enterprises in over 100 countries. EIFO not only offers financial solutions but also invests in startups, promoting innovation and global business expansion.

About Keepit

Keepit delivers a highly specialized SaaS data protection platform designed for cloud environments. Focused on compliance and security, their solutions enhance resilience against cyber threats while ensuring continuous access to critical business data. With a commitment to customer-centric service, Keepit is trusted by thousands of enterprises worldwide for hassle-free backup and recovery options.

Frequently Asked Questions

What is the purpose of Keepit’s recent funding?

Keepit's recent $50 million funding aims to enhance market reach and accelerate product innovation in data protection solutions.

Who led the funding round for Keepit?

The funding round was led by existing investor One Peak and EIFO, the Export and Investment Fund of Denmark.

How many users does Keepit currently support?

Keepit currently supports over 5 million users globally with its SaaS data protection solutions.

What are Keepit's main focuses moving forward?

Keepit plans to focus on global expansion, strategic partnerships, and advancing product innovation to meet evolving customer needs.

What distinguishes Keepit in the market?

Keepit is recognized for its cloud-native, vendor-independent approaches that prioritize data security and compliance for enterprises.

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