Israeli-American startup OwnBackup, specializing in cloud data backup and recovery, has raised $23.25 million in a funding round led by Insight Venture Partners and Vertex Ventures. The round also saw participation from existing investors, including Innovation Endeavors, Horizon Capital, and Salesforce Ventures. To date, OwnBackup has raised a total of $50 million.

Founded in 2015 by Ariel Berkman, Ori Yankelev, Sam Gutmann (CEO), and Eran Cohen, the company has rapidly grown to employ 121 people across its offices in New Jersey, Tel Aviv, and London, with plans to double its workforce following this funding round.

Yaniv Jacobi, Managing Partner at Oryzn Capital, praised OwnBackup’s innovative approach to cloud data protection: “We identified OwnBackup’s potential early on, and they’ve continually proven their value with over 1000 active business clients.”

With offices in Tel Aviv, New Jersey and London, the company was founded by CEO Sam Gutmann, CTO Ariel Berkman, Orii Yankelev and COO Eran Cohen, and has 120 employees of whom 40 are in Israel. OwnBackup provides SaaS-based solutions designed to protect against data loss and corruption from human error, malicious intent, or software issues, while ensuring compliance with regulatory requirements. The platform’s capabilities include automated backups, anomaly detection, and recovery tools, positioning OwnBackup as a leader in cloud data security.

OwnBackup helps more than 1,000 businesses worldwide protect critical cloud data – securing trillions of SaaS and PaaS records to prevent data corruption/data loss, ensure business continuity, minimize operational disruptions and meet compliance mandates. Achieving 100 percent year-over-year revenue growth for its award-winning cloud data protection platform, OwnBackup will use the investment to build on its tremendous momentum in the Salesforce ecosystem. With plans to deepen its partner network and double both its engineering and European teams, OwnBackup will increase its presence around the globe and expand its product offerings to support a wide range of cloud data needs.

For more details: Globes: OwnBackup Raises $23 Million

Read more about Horizon’s portfolio fundraising here