Datamotive, a Pune, India-based company specializing in cloud workload portability solutions for global organizations, has secured $3.8 million in a Pre-Series A funding round.
The round was led by Morphosis, a Dubai-based venture capital firm, and included participation from 3one4 Capital, YourNest Venture Capital, and Patni Group.
The new funding round will accelerate the delivery of Datamotive's products that enable organizations to seamlessly and securely scale, migrate, and recover data and workloads across public and private clouds with a guaranteed 10-minute recovery service level agreement (SLA) regardless of cloud and workload size.
Datamotive allows organizations to build a hybrid cloud blueprint that supports freedom of choice for any cloud service provider and offers them the ability to run workloads anywhere on any cloud.
The company's patented replication and recovery engine facilitates online, agentless replication of complete workloads, including the operating system, platform, application, and data.
"We are proud of what we've accomplished so far. This funding will enable us to continue the innovation cycle with our DR and cloud migration products, and, of course, accelerate our geographic expansion," said Yogesh Anyapanawar, co-founder of Datamotive.
"By enabling workload portability, Datamotive accelerates the adoption of hybrid, multi-cloud computing for organizations. This allows businesses to innovate and operate without the fear of vendor lock-in," added Sameer Zaveri, co-founder of Datamotive.
Company: Datamotive Technologies Pvt. Ltd.
Raised: $3.8M
Round: Pre-Series A
Funding Month: August 2023
Lead Investors: Morphosis
Additional Investors: 3one4 Capital, YourNest Venture Capital, and Patni Group
Company Website: https://www.datamotive.io/
Software Category: Cloud Workload Portability Solutions
About the Company: Datamotive is an enterprise workload mobility company that enables the seamless movement of workloads in a hybrid multi-cloud environment with a guaranteed SLA of 10 minutes. Its patented solution protects organizations from data losses caused by cloud security misconfigurations, data breaches, or the corruption of corporate networks.
Source: https://www.prnewswire.com/news-releases/datamotive-secures-3-8-million-funding-to-enable-seamless-business-continuity-across-clouds-301894649.html