Canadian rewind saas 65m series januarysawersventurebeat
Canadian rewind saas 65m series januarysawersventurebeat company, Rewind, has announced that it has raised $65 million in a Series B funding round. The funding was led by New York-based firm, Insight Partners, with participation from Inovia Capital and Highline Beta. Rewind provides backup and recovery solutions for cloud-based data, including e-commerce platforms such as Shopify and BigCommerce. The company’s software automatically backs up critical data, allowing businesses to quickly recover from data loss or corruption.
The importance of cloud data backup
As more businesses move their operations to the cloud, the need for reliable backup solutions has become increasingly important. Cloud-based data is vulnerable to a range of threats, including cyberattacks, human error, and natural disasters. Without a backup solution in place, businesses risk losing critical data and suffering significant financial losses. Rewind’s software provides businesses with peace of mind by automatically backing up their cloud-based data. The software is easy to use and can be set up in minutes, making it an ideal solution for businesses of all sizes.
Expanding into new markets
The Series B funding will allow Rewind to expand its operations and enter new markets. The company plans to use the funding to hire additional staff, invest in product development, and expand its sales and marketing efforts. In a statement, Mike Potter, CEO of Rewind, said: “This investment will allow us to accelerate our growth and expand our reach into new markets. We’re excited to work with Insight Partners and our other investors to continue building innovative solutions that help businesses protect their critical data.”
Conclusion
Rewind’s Series B funding is a significant milestone for the Canadian SaaS company. With the support of Insight Partners and other investors, Rewind is well-positioned to expand its operations and provide businesses with the backup and recovery solutions they need to protect their critical data. As more businesses move their operations to the cloud, the demand for reliable backup solutions is only going to increase, making Rewind’s software an essential tool for businesses of all sizes.
