Total amount raised
$658 Million
Latest funding date
7/1/2022
Location
Acronis has successfully raised funding through four rounds, with recent investments from BlackRock and Goldman Sachs Growth Equity. The company specializes in unifying data protection and cybersecurity to deliver integrated, automated cyber protection solutions.
Keep reading to explore the intricacies of Acronis's fundraising journey and the investors backing this innovative platform.
What Is Acronis?
Acronis, founded in 2003, is a global leader in cybersecurity and data protection solutions. The company is headquartered in Schaffhausen, Switzerland, with additional offices in Burlington, MA, and Tempe, Arizona, USA. It operates globally, with a significant presence in over 150 countries and more than 50 data centers worldwide.
Specializing in industries such as artificial intelligence, cloud data services, cloud security, cybersecurity, information technology, and software, Acronis employs between 1001-5000 people. The company is known for its integrated, automated cyber protection solutions that address the challenges of the digital world.
How Much Funding Has Acronis Raised?
- Private Equity Round
- Amount Raised: USD 11,000,000
- Date: January 2004
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage growth and development of cybersecurity solutions.
- Series Unknown
- Amount Raised: USD 147,000,000
- Date: September 2019
- Lead Investors: Goldman Sachs
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product offerings and enhance technological capabilities.
- Private Equity Round
- Amount Raised: USD 250,000,000
- Date: May 2021
- Lead Investors: CVC Capital Partners
- Valuation at Round: USD 2,500,000,000
- Motivation Behind the Round: To support growth and expansion efforts, including new market entries.
- Private Equity Round
- Amount Raised: USD 250,000,000
- Date: July 2022
- Lead Investors: BlackRock
- Valuation at Round: USD 3,500,000,000
- Motivation Behind the Round: To extend product leadership, execute targeted M&A, and support ecosystem partners.
Total Amount Raised: USD 658,000,000. Current Valuation: USD 3,500,000,000.
Key Investors
- BlackRock
- Details: BlackRock is a global investment management corporation based in the United States. It is known for its extensive portfolio and significant influence in the financial markets.
- Investment Focus Areas: Technology, infrastructure, real estate.
- Notable Investments: Apple, Microsoft, Google.
- CVC Capital Partners
- Details: CVC Capital Partners is a private equity and investment advisory firm. It specializes in private equity, credit, and growth investments across various sectors.
- Investment Focus Areas: Consumer, healthcare, industrial.
- Notable Investments: Not publicly disclosed.
- Goldman Sachs
- Details: Goldman Sachs is a global investment banking, securities, and investment management firm. It has provided funding to Acronis in multiple rounds.
- Investment Focus Areas: Technology, real estate, financial services.
- Notable Investments: Not publicly disclosed.
What's Next for Acronis?
With a fresh $250 million in funding, Acronis is poised to capitalize on significant growth opportunities. The company plans to expand its sales and marketing teams, enhance its product offerings, and support ecosystem partners. This financial boost positions Acronis to further solidify its market presence and explore strategic acquisitions, potentially increasing its valuation beyond the current $3.5 billion.
Future fundraising opportunities seem promising, given the growing emphasis on cybersecurity and data protection. Acronis's robust financial backing and strategic initiatives make it an attractive candidate for additional investments. However, the company must navigate challenges such as integrating new acquisitions, maintaining innovation, and managing a rapidly expanding global footprint.
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