Acronis states that the funding will allow it to expand the engineering team in Singapore, Bulgaria, and Arizona

Cyber protection startup Acronis announced that it has received a US$147 million investment led by Goldman Sachs. The investment round, the company said, sets the valuation of the company to over one billion dollars.

Acronis said that the funding will be used to expand its engineering team in Singapore, Bulgaria, and Arizona; build additional data centers; and grow through acquisitions.

Additionally, Acronis plans to use the capital to accelerate the business growth in North America in partnership with Acronis SCS, an independent software vendor and distributor for the public sector.

Acronis was founded in Singapore in 2003 and incorporated in Switzerland in 2008. Using AI technologies and blockchain-based data authentication, Acronis offers data protection in any environment, including physical, virtual, cloud, mobile workloads, and applications.

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“The investment round led by Goldman Sachs will help us to fast-track the product development through acquisitions of companies and additional resources, and accelerate the growth,” said Serguei Beloussov, founder and CEO of Acronis.

Recently, Acronis announced the Acronis Cyber Platform that enables third-parties to customise, extend, and integrate Acronis’ cyber protection solutions to the needs of their customers and partners.

Acronis products include:

  • Acronis Cyber Protection solutions for data safety, accessibility, privacy, authenticity, and security.
  • Acronis Cyber Platform that enables third-party developers to customise, extend and integrate cyber protection into their solutions
  • Acronis Cyber Infrastructure that provides the most cost-efficient and secure environment for running cyber protection solutions and data storage.
  • Acronis Cyber Architecture that guarantees the privacy of data and gives customers the full control of data location.
  • Acronis Cyber Cloud that enables service providers and enterprise IT to deliver cyber protection services to end customers.

Furthermore, Acronis also noted its plan to focus on the combination of traditional data protection and cybersecurity into one integrated solution addressing all Five Vectors of Cyber Protection– ensuring the safety, accessibility, privacy, authenticity, and security of data (SAPAS). The SAPAS covers services such as backup, security, disaster recovery, and enterprise file sync and share solutions.

The company has dual headquarters in Switzerland and Singapore and currently operates in 18 countries.

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Image Credit: Taskin Ashiq on Unsplash

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