What is Datto?
Founded in 2007 and headquartered in Norwalk, Connecticut, Datto provides a robust suite of IT solutions specifically engineered for managed service providers. The company's core offerings include advanced data backup, services automation, and cloud-to-cloud protection, all designed to streamline the management of complex digital environments. By delivering these tools through a unified cloud-based platform, Datto enables MSPs to enhance operational efficiency, bolster cybersecurity, and ensure seamless business continuity for their end-clients. Its market position is characterized by a deep integration into the IT service delivery chain, making it an essential partner for organizations navigating the challenges of modern infrastructure management.
How much funding has Datto raised?
Datto has raised a total of $6.9B across 4 funding rounds:
Series A
$25M
Series B
$75M
Stock Offering
$594M
Corporate Investment
$6.2B
Series A (2013): $25M with participation from General Catalyst Partners
Series B (2015): $75M led by Technology Crossover Ventures
Stock Issuance/Offering (2020): $594M supported by Undisclosed
Corporate Investment (2022): $6.2B featuring Kaseya
Key Investors in Datto
General Catalyst Partners
General Catalyst is a venture capital firm that partners with founders to build transformational businesses, providing both strategic capital and operational expertise across various technology sectors.
Technology Crossover Ventures
Technology Crossover Ventures specializes in growth-stage investments, focusing on mergers, acquisitions, and recapitalization strategies to support the scaling of technology enterprises.
Kaseya
Kaseya is a global provider of unified IT management software, offering an integrated ecosystem that helps MSPs and internal IT teams simplify infrastructure oversight and cybersecurity.
What's next for Datto?
Following the recent strategic investment, Datto is well-positioned to further consolidate its influence within the IT management sector. The focus is expected to shift toward deepening the integration of its existing software ecosystem and expanding its capabilities in endpoint management and cybersecurity. As the demand for resilient IT infrastructure continues to rise, Datto's strategic roadmap likely involves leveraging its current capital to accelerate product development and enhance its service delivery model. By maintaining its commitment to the MSP community, the company is poised to drive further innovation in cloud-based technology, ensuring that its partners remain competitive in a rapidly evolving digital economy.
See full Datto company page
