SOURCE: SysCloud Inc.

SysCloud Inc.

November 17, 2014 13:09 ET

SysCloud Raises $2.5 Million in Funding to Accelerate Growth of Data Protection Suite for Google Apps

Series A Funding Led by Inventus Capital Partners and KAE Capital Will Support Expansion of Sales, Marketing, Research and Development

CRANFORD, NJ--(Marketwired - Nov 17, 2014) - SysCloud, a data backup and security suite for Google Apps, announced today it has completed a $2.5 million in series A funding round led by Inventus Capital Partners along with participation from existing investor, KAE Capital. SysCloud offers a suite of tools that provides protection for data in Google Apps through real-time backups, insights and security policies. Over 500,000+ users from 32 countries are on the SysCloud protection platform. 

"At SysCloud, we're focused on providing the highest level of data security, and this funding allows us to build on our current product innovations to cover other cloud-based collaboration tools, including Microsoft Office 365, Salesforce, Dropbox and Box. We're thrilled to have the support of our investors at Inventus and KAE and we look forward to working closely with them as we continue to expand," said Vijay Krishna, CEO of SysCloud.

"As we continue to read about data breaches among some of the largest companies around the world, SysCloud's data security suite is becoming an invaluable tool for companies and organizations with sensitive data. The growth that SysCloud has seen in the past year is testimony to the company's success and we are looking forward to partnering with them as they continue to disrupt the market," said John Dougery, Managing Director of Inventus Capital.

"For us at Kae the growth of Syscloud has been very exciting to witness as an early investor in the company. Kae is privileged to be associated with Vijay and his team over the last 2 years and we welcome Inventus to the Syscloud partnership," said Sasha Mirchandani, Managing Director of KAE Capital.

Key Features of SysCloud:

  • Comprehensive Google Apps Backup: Protection of the entire Google Apps suite against loss of email, contacts, calendar, documents and sites through recovery of a single data item or entire account at any time.
  • Personal Identifiable Information: Creation of policies to safeguard personal information (PII) and ensure data is not exposed to unintended third parties.
  • Data Sharing Visibility: Insight into how data is being shared both within an organization, from external users or to the public.
  • Security Policy Enforcement: Automatic enforcement of Google Drive security policies to protect against exposure of sensitive data.

SysCloud plans to use this funding to expand sales and marketing efforts, scale current operations and accelerate development for continued product innovation. John Dougary of Inventus will be joining the board of directors at SysCloud. For more information on SysCloud, visit www.SysCloud.com.

About SysCloud

SysCloud's software suite provides data security and backup for enterprise and educational institutions using Google Apps. Using a variety of tools, SysCloud protects against data loss, unauthorized data exposure and violations of compliance laws by providing real-time backup, security and compliance policies through a single software application. The platform is currently used by over 500,000 users from 32 countries around the world. Founded in 2010, SysCloud has offices in New Jersey and India.

About Inventus Capital Partners

Inventus is managed by a team of entrepreneurs and industry-operating veterans who have successfully financed and mentored over 120 companies resulting in dozens of successful IPOs or mergers and the creation of over $33 billion in aggregate wealth for founders and shareholders. Recent successful Inventus companies include redBus (acquired by Naspers in 2013), ViVu (acquired by Polycom in 2011) and Sierra Atlantic (acquired by Hitachi Consulting in 2010). Inventus focuses on digital services startups, with a particular interest in software-as-a-service, consumer internet and media, mobile technology and technology enabled services, Inventus focuses on Silicon Valley and Indian entrepreneurs defining new sectors of the global digital economy. For more information, visit www.inventuscap.com.

About KAE Capital

Kae Capital invests in early stage companies which bring about innovative solutions for the existing gaps in the markets, all backed by a great team capable to execute and build a large business. The fund leverages the team's experience of investing in early stage companies and brings about added value for its portfolio companies by helping them with strategic, operational, financial and team building issues. Companies that Kae Capital has invested include Healthkart, Cloudbyte, Qubecell etc apart from that members of Kae Capital team have invested in InMobi, Fractal Analytics, Myntra, Apalya, PayTM, Greendust etc. Investors in Kae capital include large Top Tier Fund of Funds, Venture capital funds and prominent HNI's. For more information, visit www.kae-capital.com.

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