What is Datto?
Founded in 2007 and headquartered in Norwalk, Connecticut, Datto is a prominent provider of IT solutions and services tailored for managed service providers (MSPs). The company specializes in data backup, services automation, and cloud-to-cloud protection, offering a suite of cloud-based software and technology solutions designed to enhance operational efficiency and data security for its clients. Datto's comprehensive offerings empower MSPs to manage complex IT environments effectively.
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 global technology organization providing a unified platform for IT departments and managed service providers to simplify and strengthen operations, focusing on infrastructure oversight, endpoint management, cybersecurity, and data protection.
Technology Crossover Ventures
Technology Crossover Ventures (TCV), founded in 1995, is a venture capital firm based in Menlo Park, California, specializing in growth-stage technology investments, including acquisitions, mergers, and recapitalizations.
General Catalyst Partners
General Catalyst is a venture capital firm focused on identifying and supporting transformational business opportunities across multiple sectors and stages, backing entrepreneurs with capital and operational expertise to build enduring enterprises.
What's next for Datto?
The recent major strategic investment in Datto signals a strong confidence from its backers in the company's future trajectory. This capital infusion is likely to be directed towards enhancing its product portfolio, expanding its market reach, and potentially exploring strategic acquisitions. Datto's focus on providing robust IT solutions positions it well to capitalize on the increasing demand for reliable data management and automation services in the enterprise space. The company's continued development in cloud-based technologies suggests a strategic push towards further solidifying its leadership in the MSP technology market.
See full Datto company page
