# Clumio

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/clumio

- Industry: Software
- Headquarters: Santa Clara, US
- Website: www.clumio.com/
- Total disclosed funding: $260M
- Latest round: Series D (Feb 21, 2024)
- Investors on record: 4

## About

Founded in 2017 by Woon Ho Jung (CTO) and others and based in California, US, Clumio, Inc. operates as a provider of SaaS-based enterprise backup software that helps enterprises protect workloads like VMware Cloud on AWS and native AWS services and access their data to any remote sites. In February 2024, Clumio, Inc. raised USD 75 million in Series D funding led by Sutter Hill Ventures, including NewView Capital, Index Ventures, and Altimeter Capital. The series D funding values Clumio, Inc. at USD 135.13 million post-money. As of 2024, the company is led by its CEO, Rick Underwood.

The company offers a platform for autonomous backup and recovery of critical cloud data, focusing on AWS environments. The firm provides solutions for ransomware recovery, operational disruptions, compliance, and cost optimization. Clumio’s platform ensures data resilience with undeletable backups, enabling recovery from cyberattacks and IT disruptions. The company’s serverless, agentless design eliminates the need for software management, while its air-gapped backups and composite encryption ensure security and compliance. Clumio also helps organizations optimize their cloud storage by identifying and eliminating unnecessary data.

The organization plans to use the February 2024 funding to quicken its innovation and go to market with a simplified backup and recovery solution for users of public clouds.

## Funding rounds

- Series D, Feb 21, 2024, $75M — Index Ventures, Sutter Hill Ventures, Altimeter Capital, NewView Capital
- Series C, Nov 19, 2019, $135M — Index Ventures, Sutter Hill Ventures, Altimeter Capital
- Series B, Nov 9, 2018, $40M — Index Ventures, Sutter Hill Ventures
- Series A, Nov 17, 2017, $10M — Sutter Hill Ventures

## Investors

- Sutter Hill Ventures (https://capitalatlas.ai/funds/sutter-hill-ventures) — Series A, Series B, Series C, Series D
- Index Ventures (https://capitalatlas.ai/funds/index-ventures) — Series B, Series C, Series D
- Altimeter Capital (https://capitalatlas.ai/funds/altimeter-capital) — Series C, Series D
- NewView Capital (https://capitalatlas.ai/funds/newview-capital) — Series D