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HYCU
Cybersecurity
HYCU is a Boston-based data protection company providing backup and recovery software specifically designed for SaaS applications and multi-cloud environments.
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HYCU was founded in 2018 by Simon Taylor, spinning out from an earlier data protection company, based on the observation that as businesses increasingly relied on a growing number of different software-as-a-service (SaaS) applications, such as Salesforce, Microsoft 365, and Google Workspace, for critical business data and workflows, traditional backup software, originally designed primarily to protect on-premises servers and infrastructure, was often poorly suited to protecting data that lives natively within these third-party SaaS applications, leaving many companies with limited visibility into whether their SaaS data was actually being adequately backed up and protected against accidental deletion, ransomware, or other data loss scenarios. HYCU's platform provides backup and recovery capabilities specifically designed for SaaS applications and multi-cloud environments, addressing a common misconception among many businesses that SaaS providers themselves are fully responsible for backing up and protecting customer data stored within their applications, when in reality most SaaS providers' own data protection primarily addresses their own infrastructure resilience rather than protecting individual customers against their own accidental data deletion, malicious insider activity, or ransomware attacks that might affect data within a SaaS application, a responsibility that in most cases still falls to the individual business customer under standard SaaS provider terms of service. The company has expanded its coverage to protect data across a very wide range of popular SaaS applications and cloud infrastructure platforms, positioning itself as vendor-agnostic protection that can back up data regardless of which specific combination of cloud and SaaS platforms a given business relies on. HYCU's customers span businesses across many industries increasingly concerned about SaaS data protection gaps as reliance on cloud-based software has grown substantially, particularly as ransomware attacks have increasingly targeted cloud and SaaS environments in addition to traditional on-premises infrastructure. The company has raised substantial venture funding from investors including Bain Capital Ventures and Adams Street Partners, reaching a valuation exceeding $1 billion, competing with other SaaS backup providers.
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.
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