OwnBackup startup secures new funding
New Jersey based startup, OwnBackup, has managed to collect $167.5 million in funding six months after the startup raised $50 million in funding. This round involves Insight Partners, Salesforce Ventures, and Sapphire Ventures. OwnBackup serves customers such as Aston Martin, Delivery Hero, and Guidewire Software and nearly 3,000 other customers. With 100% revenue growth for five years in a row, OwnBackup is developing support for additional SaaS platforms.
As Salesforce’s number one cloud protection software, the startup offers developers backup, archiving, and recovery resources as well as a way to manage all your data. OwnBackup offers daily backups and a way to identify data loss or corruption causes at the source and assess the damage. OwnBackup is also in compliance with HIPPA, CCPA, and GDPR.
Are you developing new software? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.
Who We Are:
Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.
Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.