Welcome to Episode 13 of the Cloud Wars Horizon Minute — featuring news and commentary hosted by Acceleration Economy analyst Tom Smith. Each episode provides insights into one or more Innovation Accelerators on the Cloud Wars Horizon.
This episode is brought to you by Cloud Wars Expo. This in-person event will be held from June 28th to 30th at the Moscone Center in San Francisco, California
00:10 — A multi-cloud backup and data protection provider, HYCU, announced last week it has secured $53 million in additional venture capital funding.
02:10 — The additional venture capital funding brings the company’s total to $140 million, reflecting the strength of the multi-cloud technology market and expected customer demand.
02:40 — HYCU grew 150% in 2021. It expects a similar level of growth this year, based on widespread customer usage of multiple cloud platforms.
03:10 — Atlassian Ventures and Cisco Investments are new key investors backing HYCU.