- Rewind, an Ottawa, Ontario, Canada-based Cloud Data Protection company, closed a USD $15m Series A round of financing
- The round was led by Inovia Capital with participation from Ridge Ventures, Bessemer Venture Partners, ScaleUP Ventures, Fundfire, Mistral Venture Partners
- The company intends to use the funds to accelerate product development, bringing new data protection solutions to market and to strengthen its R&D, sales, marketing
- Rewind also provides solutions for businesses to protect their SaaS and cloud data applications giving immediate access to comprehensive backups
- The platform enables companies to back up, restore and copy the critical data that drives their business
- Based on a spike in businesses’ reliance on cloud applications over the last three years, the company has protected the data of more than 80,000 businesses worldwide
