Acronis, a data protection and storage company, has achieved unicorn status by Immelty
Acronis, a data protection and storage company, achieved unicorn status on Wednesday with a $147 million funding round led by Goldman Sachs. The company’s first major injection of cash boosts its valuation to more than $1 billion, according to CEO and founder Serguei Beloussov.
The latest growth round will be used to acquire companies and expand engineering teams in Bulgaria, Arizona and Singapore, where the company is based. Since 2012, Acronis has acquired four data management and cybersecurity companies.. “If we don’t consolidate the market somebody else will.”It has amassed 500,000 business customers representing 5 million end users. The company is on track to grow by 30%, with the Acronis Cyber Cloud business growing by over 100% this year.
“The traditional backup and data protection market is changing due to an innovative solution delivered efficiently by Acronis Cyber Protection through a vast channel of service providers,” Holger Staude, vice president of Goldman Sachs Growth, said in a statement. “We are excited to invest in Acronis at this stage of rapid growth.”
Acronis wants to coach its partner network of 50,000 vendors on how to sell its protection solutions. The company will host a summit next month, and Beloussov expects the event to draw 1,000 attendees. “For the first time in my career I’ve built a company which is useful for every organization,” said Beloussov.Follow me on
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