What is Datto?
Founded in 2007, Datto is a prominent provider of IT solutions and services, specializing in data backup, services automation, and cloud-to-cloud protection. Delivered through managed service providers (MSPs), Datto's cloud-based software and technology solutions empower businesses to manage and secure their IT infrastructure efficiently. The company's offerings are critical for ensuring business continuity and operational resilience in an increasingly digital landscape.
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
Kaseya
Kaseya is a leading provider of IT management solutions for MSPs and mid-sized enterprises, focusing on efficient IT management and security. Their investment in Datto likely signifies a strategic alignment in the IT service management ecosystem.
Technology Crossover Ventures
Technology Crossover Ventures (TCV) is a venture capital firm established in 1995, specializing in growth-stage technology companies. Their backing of Datto indicates confidence in the company's scaling potential and market leadership.
General Catalyst Partners
General Catalyst is a venture capital firm that invests in transformational businesses across various sectors and stages. Their involvement suggests a focus on Datto's long-term disruptive potential and strategic growth trajectory.
What's next for Datto?
The recent major strategic investment in Datto signals a pivotal phase for the company, likely aimed at accelerating product development, expanding market reach, and potentially pursuing strategic acquisitions. Given the enterprise-level capital secured, Datto is well-positioned to enhance its competitive edge in the IT management and data protection market. Future initiatives may focus on deepening its integration capabilities with MSP workflows and bolstering its cybersecurity offerings to address evolving threats.
See full Datto company page
