Nexus Venture to invest $10 mn in Druva Software

BANGALORE: Druva Software, a Pune-based start-up that sells enterprise backup and retrieval software to customers, such as US space agency Nasa, French fashion brand Louis Vuitton and Xerox, will raise $10 million, in second round of funding, from Nexus Venture Partners.

Druva, a three-year-old start-up , will use the capital to fuel international expansion and research and development, according to a person with direct knowledge of the transaction. Druva’s chief executive and co-founder Jaspreet Singh and Nexus Venture officials declined to comment on the deal.

“We would only be able to discuss more details next week, at this point I can’t comment on it,” Singh said in an email statement. It provides solutions that deliver automated backups of laptop computers and other mobile devices. It enables simple one-click restoration of any file or backup volume.

Among the firm’s marquee customers is the US Marine Corps which uses Druva’s software to secure laptops in conflict zones such as Afghanistan. It received $5 million in an initial round of funding from Sequoia Capital last year along with Indian Angel Network.