Companies
/
Clumio
Cybersecurity
Clumio is a cloud-native data backup and protection company that provides fully managed, secure backup services for cloud infrastructure and SaaS applications.
Create an account to view live offerings, pricing, and market activity.
Sign in to view offerings and live market activity.
Clumio was founded in 2017 by Poojan Kumar and Chad Kinney, both veterans of enterprise data infrastructure companies, based on the observation that as companies increasingly moved their data and applications to the public cloud, particularly Amazon Web Services, they still needed robust backup and data protection capabilities to guard against data loss from accidental deletion, ransomware, or misconfiguration, but that many traditional backup approaches, originally designed for on-premises data centers, did not translate well to cloud-native environments and their different cost structures, scaling characteristics, and operational models. Clumio's platform provides fully managed, software-as-a-service backup specifically architected for cloud environments, initially focusing heavily on protecting data stored in Amazon Web Services, including Amazon S3 object storage, Amazon EBS block storage volumes, and relational databases running on AWS, letting customers back up and restore cloud data without needing to manage the underlying backup infrastructure themselves, in contrast to more traditional backup software that customers would need to deploy, configure, and scale on their own. The company positioned its approach as particularly cost-efficient and operationally simple compared to either adapting legacy on-premises backup software for cloud use cases or building custom backup automation in-house, an approach that requires meaningful ongoing engineering investment many companies would prefer to avoid. Clumio expanded its coverage over time to include backup for widely used SaaS applications such as Microsoft 365, recognizing that as companies increasingly rely on SaaS applications for critical business data, protecting that data from accidental deletion or malicious activity has become as important as protecting data in cloud infrastructure environments. Clumio was acquired by IBM in 2023, which integrated Clumio's cloud backup and protection technology into IBM's broader storage and data resilience portfolio, reflecting a common trajectory among cloud infrastructure and data protection startups being absorbed into larger technology companies' broader enterprise software portfolios.
FOR QUALIFIED INSTITUTIONAL AND ACCREDITED INVESTORS ONLY: Under federal securities laws, private market investments on this platform are available exclusively to Institutional and Accredited Investors. Verification of status required before investing. Private investments involve significant risks including illiquidity, potential loss of principal, and limited disclosure requirements. "Augment" refers to Augment Markets, Inc. and its affiliates. Augment Markets, Inc. is a technology company offering software and data services, not a bank or financial institution. Cash Accounts are provided by Modern Treasury Corp. financial institution partners and through Augment's technology. Augment does not act as a money services business, provide money transmission, or serve as a custodian of funds. Funds held in your Cash Account are not FDIC insured unless expressly disclosed. Full terms available in the Augment Cash Account Agreement. Brokerage services are offered through Augment Capital, LLC, an affiliated broker-dealer and member FINRA/SIPC. "Investment accounts" are not brokerage accounts and do not hold customer funds or securities. Investment advisory services are offered through Augment Advisors, LLC, an SEC-registered investment adviser. Registration with the SEC does not imply a certain level of skill or training. Neither Augment Advisors, LLC nor Augment Capital, LLC provide legal or tax advice; consult your attorney or tax professional regarding your specific situation. For additional information, please refer to Augment Advisors, LLC's Form ADV Part 2A (Firm Brochure) and FINRA BrokerCheck.
No news available for this company.
