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With this Series A financing under its belt, Rewind is now working to bolster its gross sales and advertising alternatives, and enhance its market share of customers. Valuations are submitted by corporations, mined from state filings or news, offered by VentureSource, or based on a comparables valuation model. Is in constant want of skilled sources to build video games, apps, and backend assist. Used by 60+ of the most important names in retail together with Nike and Dyson, Foko Retail’s mobile-based task administration software program is straightforward to use from operations to visible merchandising. Rewind joined Invest Ottawa’s accelerator program in 2015 and achieved one hundred pc year-over-year growth throughout its time there. In 2019, Rewind graduated into Invest Ottawa’s ScaleUp program to additional its progress.

Insight’s other investments embody OwnBackup, which backs up data for Salesforce prospects, and Veeam, which supplies similar providers for users of Google and Microsoft 365 software program. “We see Rewind as a pillar of the cloud backup and restoration house,” he mentioned in a statement The company claims to have protected the info of more than 80,000 organizations worldwide, together with Badgley Mischka, Charmin, Magnolia, Pampers, and Paul Mitchel. Other participants within the funding spherical included Ridge Ventures and Bessemer Venture Partners.

Businesses can lose priceless knowledge or time when their on-line storefront or software program development environment goes down, or if they accidentally delete one thing on these platforms. For clients that rely on these SaaS purposes, third-party tools for generating backup copies and restoring information are simply as necessary as they are for Office 365 and Salesforce, Potter mentioned. Based on a spike in businesses’ reliance on cloud applications during the last three years, the corporate has protected the information of greater than eighty,000 companies worldwide and grown its income by 1,113 %. The CB Insights tech market intelligence platform analyzes hundreds of thousands of knowledge factors on venture capital, startups, patents , partnerships and news mentions that can help you see tomorrow’s alternatives, today.

Currently a staff of 55 employees, Rewind is anticipated to develop to greater than a hundred thirty using its Series A capital. Potter particularly pointed to plans to hire engineers to assist Rewind launch on other SaaS platforms. Rewind was founded in 2015 by Ottawa know-how sector veterans Mike Potter, the chief government, and his good friend James Ciesielski, chief expertise officer. They wished to construct a Shopify app in their spare time and launched the primary iteration of Rewind’s product free of charge on Shopify’s app store for its retailers that June.

The cloud knowledge backup startup closed a $65 million Series B funding round at present. The latest news surrounding digital storage merchandise, cloud, information security, know-how, fintech, games. The new backup-as-a-service supply will function superior choices including limitless storage and a dedicated assist staff. This will allow businesses to extend their load as extra knowledge is stored and managed by the service supplier. Many of its 22,000 lively users are merchants who function on-line stores on Shopify’s platform.

Data loss is a major problem for cloud software users; a recent survey by Oracle and KPMG discovered forty nine per cent of organizations discovered they had misplaced data stored on cloud providers. AG, that present related backup services for big business customers of Salesforce, Microsoft 365 and Google software program have raised lots of of millions of dollars apiece and achieved multibillion-dollar valuations. “We see large alternatives to backup the whole cloud and are working towards that imaginative and prescient.

Rewind, a backup platform for SaaS purposes and data, raised $65 million in a Series B spherical led by Insight Partners to double down on its increased development and cross-industry push to the cloud, reports state. One of Ottawa’s fastest-growing technology companies since Shopify Inc. has raised US$65-million to expand a enterprise that received its start serving clients of the city’s software large – and now competes with it for expertise. The funding round was led by personal fairness and enterprise capital agency Insight Partners, with participation from Bessemer Venture Partners, FundFire, Inovia Capital, Ridge Ventures, ScaleUp Ventures, and Union Ventures. Rewind supplies instant entry to usable, complete backups, so it’s easier to get well information from a tiny data-entry error or a large knowledge catastrophe. The company backs up around 33 billion knowledge points from leading cloud purposes, including BigCommerce, QuickBooks Online, and Shopify.