#Druva IPO

[johnthejacobs]

Exploring the Rise of Druva Share Price

Introduction

Nowadays, Druva Share Price has been witnessing a remarkable surge, Druva is a leading provider of cloud data protection and management solutions,. This article delves into the factors driving the upward trajectory of Druva Share Price and the implications for investors. Druva Data Solutions Ltd ("Druva") is a software-as-a-service platform developed to protect and manage enterprise data across edge, on-premises and cloud workloads. Their platform offers innovative cloud-native solutions to address data protection, governance, and compliance needs. Built on scalability and security, Druva enables efficient data protection and management across diverse environments.

Druva's strategy centres on delivering comprehensive data resilience solutions, covering backup, disaster recovery, and archival functions. Using AI and machine learning, Druva helps automate data protection, optimize storage, and preemptively address risks, boosting operational efficiency and resilience while cutting costs.

In 2011, smartphone support was added to the inSync app. The next year, the company relocated to Silicon Valley, refocusing on cloud-based data management. In 2014, Druva launched its Phoenix server backup product. By 2018, Druva had acquired CloudRanger, based in Letterkenny, specializing in backup and disaster recovery. In 2019, CloudLances was acquired to bolster on-premises to cloud performance. The subsequent year, sfApex, a Texas-based company focused on Salesforce data backup and migration, was acquired.

Druva Data Solutions is a Foreign Subsidiary of Druva Inc. and was incorporated on 11 February 2013, with its registered office at Plot No- 403/1, CTS No- 985, 8th Floor The Pavilion, Senapati Barat Road, Shivaji Nagar Pune MH 411016 IN.

Innovative Cloud Data Solutions

One of the primary drivers behind the rise in Druva's share price is its innovative cloud data protection and management solutions. Druva's platform offers organizations a comprehensive suite of services to safeguard and manage their data across various endpoints, on-premises infrastructure, and cloud environments. As businesses increasingly adopt cloud-based solutions for data protection, Druva's cutting-edge offerings have positioned it as a market leader, driving investor confidence and share price appreciation.

Strong Financial Performance

Druva's strong financial performance has also contributed to the surge in its share price. The company has consistently delivered impressive revenue growth and profitability, reflecting the increasing demand for its solutions. Investors are optimistic about Druva's ability to capitalize on the growing market for cloud data protection, driving speculation and investment in its shares.

Expansion into New Markets

Druva's strategic expansion into new markets has further fueled the rise in its share price. The company has been expanding its presence globally, tapping into emerging markets and forging partnerships with key players in the industry. By diversifying its geographic footprint and customer base, Druva has enhanced its growth prospects and attracted investor attention, leading to a surge in its share price.

Recognition and Industry Accolades

Druva's industry recognition and accolades have also played a role in boosting investor confidence and share price. The company has received numerous awards and accolades for its innovative solutions and customer-centric approach. Such recognition not only validates Druva's leadership position in the market but also enhances its reputation among investors, driving increased interest in its shares.

Strategic Partnerships and Collaborations

Druva's strategic partnerships and collaborations with leading technology companies have contributed to its share price rally. By aligning with industry giants, Druva has expanded its reach and access to new customers, while also leveraging complementary technologies to enhance its product offerings. Investors view these strategic alliances as a positive indicator of Druva's growth potential, driving enthusiasm for its shares.

Future Outlook

As Druva continues to innovate and expand its market presence, the future looks promising for the company and its investors. With a solid foundation built on cutting-edge technology, strong financial performance, and strategic partnerships, Druva is well-positioned to capitalize on the growing demand for cloud data protection and management solutions. Investors can expect the upward trajectory of Druva's share price to persist as the company continues to deliver value and drive innovation in the market.

Conclusion

The rise of Druva's share price reflects investor confidence in the company's innovative solutions, strong financial performance, and strategic initiatives. As Druva continues to expand its market presence and capitalize on emerging opportunities, investors stand to benefit from the company's continued growth and success. With a focus on driving value for customers and shareholders alike, Druva is poised to maintain its position as a leader in the cloud data protection and management industry.

[ivangoldstar]

🤫 Create the best Pre IPO syndicate in the CIS. Achievements of the week 02.08 - 08.08.2021

🐳 Our IPO Sharks syndicate has issued a second deal at Pre IPO and is gaining momentum (the first deal is Bitpay, the second is Druva, now we are issuing DataStax - by the way, the video about the third deal and how we choose shares can be viewed on YouTube https: // youtu. Be / x9pk85QyZi4) We have almost 100 active partners, successful entrepreneurs and investors in our team. We also have a brilliant founder and manager, a generator of ideas, a trader with 10 years of experience, the author of the channel with open statistics for the Sharks IPO - Alexander Stolypin @stolypin_official. It is a great honor to be at the origin of such a big project and to create it together. We met last week and discussed our further cooperation in our favorite cafe "Botanica" where I love to eat Indian food (divine Indian talis with pickles, who knows, he will understand).

🌞 What do you think is the key difference between Sharks IPO and other syndicates and why is it the best in the CIS?

[dizzedcom]

3 new $100M ARR club members and a call for the next generation of growth-stage startups

3 new $100M ARR club members and a call for the next generation of growth-stage startups

Time flies.

It was nearly a year ago that The Exchange started keeping tabs on startups that managed to reach $100 million in annual recurring revenue, or ARR. Our goal was to determine which unicorns were more than paper horses so we could keep tabs on upcoming IPO targets.

We found that Bill.com, Asana, WalkMe and Druva were impressively large and growing nicely. Since then two of the four…

[magzoso-tech]

New Post has been published on https://magzoso.com/tech/the-newest-members-of-the-100m-arr-club-2/

The newest members of the $100M ARR club

Hello and welcome back to our regular morning look at private companies, public markets and the grey space in between.

Today we’re taking stock of a cohort of special companies: still-private startups that have reached $100 million in annual recurring revenue (ARR). Our goal is to understand which startup companies are actually exceptional. This late in the unicorn era, hundreds of companies around the world have reached a valuation of $1 billion, making the achievement somewhat pedestrian.

Reaching $100 million in ARR, however, still stands out.

We explored the idea earlier this week, citing Asana, Druva and WalkMe as private companies that recently reached $100 million ARR. In addition to that trio, Bill.com and Sprout Social, both of which went public this week, also crossed the nine-figure annual recurring revenue mark in 2019.

After we posted that short list, four other companies either just shy of $100 million ARR, or with a little bit more, reached out to TechCrunch, touting their own successes. Given that our point was that companies which reach the revenue threshold million are neat, it’s worth taking a moment to look at the other companies joining the $100 million ARR club.

For extra fun I got on the phone with a number of their CEOs to chat about their progress. We’ll start with a look at a company that is nearly a member of the club, and then talk about a few that recently punched their membership cards.

The $100M ARR club’s up-and-comers

GitLab: Expects to reach $100M ARR in January, 2020

To be frank, I did not know that GitLab was as large as it is. Backed by more than $400 million in private capital, GitLab competes with the now-purchased GitHub as a developer resource and service. Its backers include Goldman Sachs, ICONIQ, GV, August Capital and Khosla.

GitLab became a unicorn back in September of 2018, when it raised $100 million at a $1 billion post-money valuation. Its more recent $268 million Series E raised this September pushed that valuation to nearly $2.8 billion.

It’s a good company for us to include, as it provides a good example of how far in advance a $1 billion valuation can precede a $100 million ARR business; in GitLab’s case, provided that it grows as expected, its unicorn valuation came nearly 1.5 years before reaching nine-figure ARR.

To understand more about the company’s growth, we caught up with its CEO Sid Sijbrandij (full discussion here), learning that he views the unicorn tag as a way to help a company brand itself, but something that is outside of his company’s control. Revenue, in his view, is “much more within your control.” According to Sijbrandij, GitLab is aiming for $1 billion in revenue in 2023 and has a November, 2020 IPO targeted.

GitLab is sharing its impending ARR milestone as it runs its whole business very transparently (hence why my chat with its CEO was live-streamed, and archived on YouTube). It will be super interesting to see if the company hits the ARR target on time, and then if it can also stick the landing with a Q4 2020 IPO.

The $100 million ARR club’s newest members

Egnyte: Reached $100M ARR in November 2019

Egnyte, a player in the enterprise productivity, storage and security spaces, has kept growing since its $75 million Series E it raised last October.

The company, backed by Goldman Sachs (again), GV (again) and Kleiner Perkins, has raised just $137.5 million to date. Reaching $100 million ARR on that level of funding means that Egnyte has run efficiently as a business. In fact, as TechCrunch has reported, Egnyte has occasionally made money on its path to the public markets.

TechCrunch has spoken to Egnyte’s CEO Vineet Jain a number of times, but it seemed appropriate to get him back on the phone now that his company is nearly ready to go public (at least in terms of size). According to Jain:

Egnyte passed the $100 million ARR threshold in November

The company grew about 30% in 2019

Egnyte expects growth to accelerate in 2020

[inventivaindia]

After turning unicorn in June, SaaS startup Druva now eyes new goal: IPO

After turning unicorn in June, SaaS startup Druva now eyes new goal: IPO

The Indian startup ecosystem has more than two dozen unicorns, with the ecosystem growing faster and faster every year. In fact, over half of these startups attained unicorn status in 2018 itself. In 2019, six startups achieved $1 billion valuation to enter the coveted the club – Dream11, Bigbasket, Ola Electric, Delhivery, Icertis, and Druva.

  It took Druva 11 years to achieve this…

[un-enfant-immature]

The newest members of the $100M ARR club

Hello and welcome back to our regular morning look at private companies, public markets and the grey space in between.

Today we’re taking stock of a cohort of special companies: still-private startups that have reached $100 million in annual recurring revenue (ARR). Our goal is to understand which startup companies are actually exceptional. This late in the unicorn era, hundreds of companies around the world have reached a valuation of $1 billion, making the achievement somewhat pedestrian.

Reaching $100 million in ARR, however, still stands out.

We explored the idea earlier this week, citing Asana, Druva and WalkMe as private companies that recently reached $100 million ARR. In addition to that trio, Bill.com and Sprout Social, both of which went public this week, also crossed the nine-figure annual recurring revenue mark in 2019.

After we posted that short list, four other companies either just shy of $100 million ARR, or with a little bit more, reached out to TechCrunch, touting their own successes. Given that our point was that companies which reach the revenue threshold million are neat, it’s worth taking a moment to look at the other companies joining the $100 million ARR club.

For extra fun I got on the phone with a number of their CEOs to chat about their progress. We’ll start with a look at a company that is nearly a member of the club, and then talk about a few that recently punched their membership cards.

The $100M ARR club’s up-and-comers

GitLab: Expects to reach $100M ARR in January, 2020

To be frank, I did not know that GitLab was as large as it is. Backed by more than $400 million in private capital, GitLab competes with the now-purchased GitHub as a developer resource and service. Its backers include Goldman Sachs, ICONIQ, GV, August Capital and Khosla.

GitLab became a unicorn back in September of 2018, when it raised $100 million at a $1 billion post-money valuation. Its more recent $268 million Series E raised this September pushed that valuation to nearly $2.8 billion.

It’s a good company for us to include, as it provides a good example of how far in advance a $1 billion valuation can precede a $100 million ARR business; in GitLab’s case, provided that it grows as expected, its unicorn valuation came nearly 1.5 years before reaching nine-figure ARR.

To understand more about the company’s growth, we caught up with its CEO Sid Sijbrandij (full discussion here), learning that he views the unicorn tag as a way to help a company brand itself, but something that is outside of his company’s control. Revenue, in his view, is “much more within your control.” According to Sijbrandij, GitLab is aiming for $1 billion in revenue in 2023 and has a November, 2020 IPO targeted.

GitLab is sharing its impending ARR milestone as it runs its whole business very transparently (hence why my chat with its CEO was live-streamed, and archived on YouTube). It will be super interesting to see if the company hits the ARR target on time, and then if it can also stick the landing with a Q4 2020 IPO.

The $100 million ARR club’s newest members

Egnyte: Reached $100M ARR in November 2019

Egnyte, a player in the enterprise productivity, storage and security spaces, has kept growing since its $75 million Series E it raised last October.

The company, backed by Goldman Sachs (again), GV (again) and Kleiner Perkins, has raised just $137.5 million to date. Reaching $100 million ARR on that level of funding means that Egnyte has run efficiently as a business. In fact, as TechCrunch has reported, Egnyte has occasionally made money on its path to the public markets.

TechCrunch has spoken to Egnyte’s CEO Vineet Jain a number of times, but it seemed appropriate to get him back on the phone now that his company is nearly ready to go public (at least in terms of size). According to Jain, in fresh data released to Extra Crunch:

Egnyte passed the $100 million ARR threshold in November

The company grew about 30% in 2019

Egnyte expects growth to accelerate in 2020

[magzoso-tech]

New Post has been published on https://magzoso.com/tech/the-newest-members-of-the-100m-arr-club/

The newest members of the $100M ARR club

Hello and welcome back to our regular morning look at private companies, public markets and the grey space in between.

Today we’re taking stock of a cohort of special companies: still-private startups that have reached $100 million in annual recurring revenue (ARR). Our goal is to understand which startup companies are actually exceptional. This late in the unicorn era, hundreds of companies around the world have reached a valuation of $1 billion, making the achievement somewhat pedestrian.

Reaching $100 million in ARR, however, still stands out.

We explored the idea earlier this week, citing Asana, Druva and WalkMe as private companies that recently reached $100 million ARR. In addition to that trio, Bill.com and Sprout Social, both of which went public this week, also crossed the nine-figure annual recurring revenue mark in 2019.

After we posted that short list, four other companies either just shy of $100 million ARR, or with a little bit more, reached out to TechCrunch, touting their own successes. Given that our point was that companies which reach the revenue threshold million are neat, it’s worth taking a moment to look at the other companies joining the $100 million ARR club.

For extra fun I got on the phone with a number of their CEOs to chat about their progress. We’ll start with a look at a company that is nearly a member of the club, and then talk about a few that recently punched their membership cards.

The $100M ARR club’s up-and-comers

GitLab: Expects to reach $100M ARR in January, 2020

To be frank, I did not know that GitLab was as large as it is. Backed by more than $400 million in private capital, GitLab competes with the now-purchased GitHub as a developer resource and service. Its backers include Goldman Sachs, ICONIQ, GV, August Capital and Khosla.

GitLab became a unicorn back in September of 2018, when it raised $100 million at a $1 billion post-money valuation. Its more recent $268 million Series E raised this September pushed that valuation to nearly $2.8 billion.

It’s a good company for us to include, as it provides a good example of how far in advance a $1 billion valuation can precede a $100 million ARR business; in GitLab’s case, provided that it grows as expected, its unicorn valuation came nearly 1.5 years before reaching nine-figure ARR.

To understand more about the company’s growth, we caught up with its CEO Sid Sijbrandij (full discussion here), learning that he views the unicorn tag as a way to help a company brand itself, but something that is outside of his company’s control. Revenue, in his view, is “much more within your control.” According to Sijbrandij, GitLab is aiming for $1 billion in revenue in 2023 and has a November, 2020 IPO targeted.

GitLab is sharing its impending ARR milestone as it runs its whole business very transparently (hence why my chat with its CEO was live-streamed, and archived on YouTube). It will be super interesting to see if the company hits the ARR target on time, and then if it can also stick the landing with a Q4 2020 IPO.

The $100 million ARR club’s newest members

Egnyte: Reached $100M ARR in November 2019

Egnyte, a player in the enterprise productivity, storage and security spaces, has kept growing since its $75 million Series E it raised last October.

The company, backed by Goldman Sachs (again), GV (again) and Kleiner Perkins, has raised just $137.5 million to date. Reaching $100 million ARR on that level of funding means that Egnyte has run efficiently as a business. In fact, as TechCrunch has reported, Egnyte has occasionally made money on its path to the public markets.

TechCrunch has spoken to Egnyte’s CEO Vineet Jain a number of times, but it seemed appropriate to get him back on the phone now that his company is nearly ready to go public (at least in terms of size). According to Jain:

Egnyte passed the $100 million ARR threshold in November

The company grew about 30% in 2019

Egnyte expects growth to accelerate in 2020

[un-enfant-immature]

The $100M ARR club

Hello and welcome to a lightweight series I’m writing while I recapture my footing at TechCrunch. It’s lovely to be back, and I’m excited to chat about what’s going on with private companies, public markets and the space between the two.

I wonder what the average revenue (trailing, say) of a unicorn is today, and if that figure is higher or lower than it was a year ago, or three years ago.

There’s a lot of wiggle room in the question; on one hand, the average age of a unicorn has likely gone up as there are far more born over time than exist in the cohort. At the same time, I’d guess that as unicorn creation accelerates, it leads to companies with less revenue than before making the cut. How does it shake out?

I have an email address now (alex.wilhelm@techcrunch.com), so let me know what you think. Best answer gets a free Diet Coke.

Now, to work. Today we’re chatting about a revenue threshold that’s a pretty good demarcator for what a unicorn should be; rare, valuable, and fundamentally desirable.

$100 Million

Back when the unicorn phrase was coined (here at TechCruch.com, recall) six years ago, it excluded a collection of startups that were special in their own right. Private companies worth $1 billion were rare enough then to deserve their own moniker, an aspirational label that quickly became uncomfortably normal as companies held off on launching IPOs and venture capitalists raised ever-larger funds.

In recent years, as troubled augmented-reality shop Magic Leap showed with its high valuation and vanishingly small revenues, some startups have earned the unicorn tag without having a business at all.

Firms with valuations that their revenues can’t back are in similar straits. In the post WeWork era, some unicorns are starting to look a bit long in the tooth. I suspect that the companies in most danger are those with slim revenues (compared to their valuation), poor revenue quality (compared to software startups), or both.

That said, there is a club of private companies that are really something, namely private companies that have managed to reach the $100 million annual recurring revenue (ARR) threshold. It’s not a large group, as startups that tend to cross the $100 million ARR mark are well on the path to going public.

For example, Bill.com is going public this week (the B2B payments company prices Wednesday and trades Thursday; we’ll cover it as it gets out). According to its own amended S-1 filing, Bill.com (backed by Emergence, MasterCard, TTV Capital, and others) reached the $100 million ARR mark in Q2 2019. In the third quarter of this year, its subscription revenue grew from $25.2 million to $28.5 million. Not bad.

Asana announced that it had crossed the threshold back in February on the back of “a period of eight consecutive quarters of revenue growth acceleration, measured on a percentage basis.” It’s still private, though considering a direct listing next year.

But not every $100 million ARR startup is going public. Yet, at least. WalkMe crossed $100 million ARR in Q2 2019 as well, though its IPO plans are opaque. And just last week, Druva announced that it crossed the $100 million ARR mark.

Reaching nine-figure annual recurring revenue matters; try to stop a modern software company at that scale and you’ll struggle.

100 > 1,000

Given that startups which generate high-margin, recurring revenue — which is to say, software startups — are richly valued, aren’t all $100 million ARR companies already worth $1 billion, defeating our point? After all, if the two categories are synonymous, why bother to tease them apart?

[un-enfant-immature]

Daily Crunch: Slack makes its Wall Street debut

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here.

1. Slack prices IPO at $26 per share

Slack is debuting on the New York Stock Exchange today. Trading hasn’t opened yet as I write this, but The Wall Street Journal reports that the company has set a price of $26 per share.

The enterprise communication company is pursuing a direct listing, eschewing the typical IPO process in favor of putting its current stock on to the NYSE without doing an additional raise or bringing on underwriter banking partners.

2. Waymo takes its self-driving car ambitions global in partnership with Renault-Nissan

Waymo has locked in an exclusive partnership with Renault and Nissan to research how commercial autonomous vehicles might work for passengers and packages in France and Japan.

3. UK age checks for online porn delayed after bureaucratic cock-up

Digital minister Jeremy Wright said the government failed to notify the European Commission of age verification standards it expects companies to meet. Without this notification, the government can’t legally implement the policy.

4. iRobot acquires education startup Root Robotics

Root Robotics is the creator of an eponymous coding robot, a two-wheeled device designed to draw on whiteboards and other surfaces, scanning colors, playing music and otherwise playing out coding instructions.

5. SaaS data protection provider Druva nabs $130M, now at a $1B+ valuation, acquiring CloudLanes

Druva has made a name for itself as a provider of cloud-based solutions to protect and manage IT assets.

6. Why all standard black Tesla cars are about to cost $1,000 more

Tesla will start charging $1,000 for its once-standard black paint color next month, according to a tweet by CEO Elon Musk.

7. Tally’s Jason Brown on fintech’s first debt roboadvisor and an automated financial future

We sat down with Tally’s founder and CEO Jason Brown to discuss a new funding round, Tally’s growth strategy and the company’s vision for an automated financial future. (Extra Crunch membership required.)