OwnBackup Raises $7.5 Million in Series B Funding

The data protection startup plans to use the new capital to fuel further hiring and maintain its rapid pace of growth.

Updated on Oct. 15, 2026 in Startups

Isometric editorial illustration of interlocking modular data blocks forming a stable pillar, representing corporate growth and data protection infrastructure. — Data protection startup OwnBackup secured $7.5 million in Series B funding led by Insight Venture Partners to fuel workforce expansion. AI Illustration. Upload story photo >

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Is now a good time for increased venture capital investment in cloud-based technology services?

OwnBackup secured $7.5 million in a Series B funding round led by Insight Venture Partners. The startup, which provides data protection solutions, plans to use the investment to expand its workforce across its New Jersey and Israel offices.

Why it matters

The company seeks to leverage this capital to sustain its recent 330 percent year-over-year revenue growth. By increasing its staff, the startup intends to continue its rapid expansion and maintain a 300 percent annual growth rate.

OwnBackup secured $7.5 million in Series B funding, bringing its total capital raised to $11 million. The firm currently serves 400 customers and reports 330% year-over-year revenue growth.

The players

OwnBackup

The company provides data protection and backup solutions for cloud-based platforms.

Insight Venture Partners

This global venture capital and private equity firm focuses on investing in software and internet-enabled businesses.

Nicolas Wittenborn

A representative from Insight Venture Partners, he has joined the OwnBackup Board of Directors following the firm's investment.

Salesforce Ventures

This is the corporate investment arm of the cloud computing company Salesforce, which invests in enterprise technology startups.

Innovation Endeavors

An early and growth-stage venture capital firm that focuses on investing in companies leveraging advanced technologies.

The details

The round included participation from Innovation Endeavors, Oryzn Capital, and Salesforce Ventures. Additionally, Nicolas Wittenborn of Insight Venture Partners will join the company's board of directors.

In January 2016, OwnBackup secured its first round of funding.
In April 2016, Insight Venture Partners acquired Spanning Cloud Apps.
Throughout 2016, the company recorded 330% year-over-year revenue growth.
The funding news was reported on October 15, 2016.
Over the next 12 months, the company plans to increase its headcount to 50 or 60 employees.

Market Landscape

This investment signals a continued consolidation strategy by Insight Venture Partners within the cloud data protection sector. By backing OwnBackup, the firm is strengthening its position in a market where it previously acquired Spanning Cloud Apps.

Existing customers may see expanded product features and improved service capabilities as the company scales its research and development teams. The rapid hiring initiative suggests a move to broaden support and marketing efforts for current and prospective users.

The takeaway

Startups in the data protection space are currently seeing significant capital interest as businesses move more of their operations to the cloud. Maintaining high growth rates often requires a disciplined strategy of reinvesting venture capital into core sales and engineering talent.