# Hedvig

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

- Industry: Software
- Headquarters: Santa Clara, US
- Website: www.hedvig.io
- Total disclosed funding: $52M
- Latest round: Series C (Feb 10, 2017)
- Investors on record: 7

## About

Hedvig, Inc. offers advanced data management and storage solutions, specializing in software-defined storage that enhances data protection and accessibility across various cloud environments.Hedvig, Inc. is a company that provides software-defined storage solutions to optimize data management. Founded in 2012 in Santa Clara, US, it was acquired by Commvault Systems, Inc. in September 2019 for USD 225 mn. The acquisition is projected to close in Commvault’s fiscal third quarter. The company has engaged in five deals since its inception. The founder's prior ventures are not documented.Hedvig specializes in software-defined storage, offering comprehensive data management solutions that enhance data accessibility across cloud environments. Their technology focuses on data protection, enabling efficient backup, recovery, and compliance across various sectors such as healthcare, finance, and education. Hedvig’s solutions cater to organizations with stringent compliance requirements, ensuring robust data management and security in complex digital landscapes.Hedvig operates on a subscription-based revenue model, allowing clients flexible access to its data management solutions. Customers typically sign multi-year contracts, securing their data management needs while pricing aligns with the specific demands of their organizations. The focus is on business-to-business partnerships, facilitating tailored solutions that enhance operational efficiency and data security for enterprises.Following its acquisition by Commvault Systems, Inc. in September 2019, Hedvig plans to leverage the resources and capabilities of its new parent company to enhance its product offerings. They intend to introduce new products designed to expand their software-defined storage solutions and explore new geographic markets. The capital from the acquisition, amounting to USD 225 mn, will support these initiatives and promote further development within the data management sector.

## Funding rounds

- Series C, Feb 10, 2017, $22M — Atlantic Bridge, True Ventures, SG Growth Capital, Oman Investment Authority, Vertex Ventures, Hewlett Packard Pathfinder
- Series B, May 22, 2015, $18M — Atlantic Bridge, True Ventures, Vertex Ventures
- Series A, May 7, 2013, $10M — Redpoint Ventures, Atlantic Bridge, True Ventures
- Seed, May 25, 2012, $2.5M — Redpoint Ventures, True Ventures

## Investors

- Redpoint Ventures (https://capitalatlas.ai/funds/redpoint-ventures) — Seed, Series A
- True Ventures (https://capitalatlas.ai/funds/true-ventures) — Seed, Series A, Series B, Series C
- Atlantic Bridge (https://capitalatlas.ai/funds/atlantic-bridge) — Series A, Series B, Series C
- Vertex Ventures (https://capitalatlas.ai/funds/vertex-ventures) — Series B, Series C
- SG Growth Capital (https://capitalatlas.ai/funds/sg-growth-capital) — Series C
- Oman Investment Authority — Series C
- Hewlett Packard Pathfinder (https://capitalatlas.ai/funds/hewlett-packard-pathfinder) — Series C