HYCU Receives Strategic Investment from Okta Ventures


HYCU, a Boston, MA-based multi-cloud information coverage as a carrier corporate, receives an funding from Okta Ventures as a part of its Collection B extension.

The quantity of the deal used to be now not disclosed. The funding follows on the corporateā€™s $53M financing led by means of Acrew Capital that incorporated Bain Capital Ventures (BCV) and new strategic traders Atlassian Ventures and Cisco Investments.

The corporate, which has raised $140m in VC investment to this point, intends to make use of the finances to enlarge its industry achieve.

Led by means of CEO Simon Taylor, HYCU gives a multi-cloud information coverage as a carrier platform which brings SaaS-based information backup and restoration to each on-premises and cloud-native environments-

The corporate lately supplies information coverage, migration, crisis restoration, and ransomware coverage to hundreds of businesses international.



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