OwnBackup has made a name for itself primarily as a backup and disaster recovery system for the Salesforce ecosystem. Today, the company announced an investment of $ 50 million.
Insight partner led the round with Salesforce participating Ventures and Vertex Ventures. This part of the money joins a $ 23 million round a year ago and, according to the company, brings the total to over $ 100 million.
It should come as no surprise that Salesforce Ventures On if most of the company's backup and recovery business affects the Salesforce ecosystem, though the company will try to expand beyond with the new money.
“We have seen such growth in the Salesforce ecosystem over the past two and a half years. and the other ISV partners like Veeva and nCino, which we continued to focus on in Salesforce. With this funding, we will expand to some new ecosystems over the next 12 months, ”CEO Sam Gutmann told theinformationsuperhighway.
Despite the pandemic, the company continues to grow and has won 250 new customers in the last quarter. According to Gutmann, there are over 2,000 customers and 250 employees.
He says the increase in the round that closed in early May had some hairy moments as the pandemic spread worldwide and worsened in the United States. For a while he started talking to new investors in case his existing feet got cold. As it turned out, the existing ones came back when the quarterly numbers came in strongly, and the round was oversubscribed, Gutmann said.
"The second quarter was frankly a record quarter for us, with over 250 new accounts added, and we're seeing companies begin to understand the importance of this," he said.
The company plans to continue hiring employees as part of the pandemic, although he says that this may not be as aggressive as they once thought. Like many companies, they continuously evaluate the market even though they are planning to hire one. At this point, he expects to increase the workforce by another 50 people this year, but that's about as far as he can currently look ahead.
Gutmann says he works with his management team to ensure that he has a diverse workforce up to the management level, but he says that this is a challenge. "I think our lower ranks are actually very different, but if you join the management team, you can see on the website that we are unfortunately not there yet," he said.
They instruct their recruiting teams to search for different candidates by gender or ethnicity, and they have created a diversity and inclusion task force with internal training, especially for managers who deal with interviewing techniques.
He says it was difficult to go from a distance and he misses seeing his staff in the office. He hopes at least some will come back before the end of summer and slowly add more when we get into the fall, but that will depend on how things are going.