What is Keepit?
Keepit operates as a Software-as-a-Service (SaaS) company specializing in dedicated data protection for cloud-based data. Differentiating itself with a vendor-neutral, independent approach, Keepit leverages a blockchain-verified solution to safeguard critical business application data, including Microsoft 365, Microsoft Azure AD, Google, and Salesforce. Headquartered in Copenhagen and with a global presence, the company serves thousands of businesses worldwide, providing essential services for data management and protection in the cloud. Its core offering addresses the growing need for secure and reliable backup and recovery solutions for Software-as-a-Service platforms.
How much funding has Keepit raised?
Keepit has raised a total of $102.5M across 3 funding rounds:
Series A
$30M
Debt
$22.5M
Other Financing Round
$50M
Series A (2020): $30M with participation from One Peak Partners
Debt (2022): $22.5M led by Silicon Valley Bank
Other Financing Round (2024): $50M supported by Danish Export and Investment Fund and One Peak Partners
Key Investors in Keepit
Danish Export and Investment Fund
The Danish Export and Investment Fund is a state-backed entity focused on supporting Danish businesses, likely providing strategic capital and resources to companies like Keepit to foster international growth and technological advancement.
One Peak Partners
One Peak Partners is a growth investment firm specializing in technology companies, providing capital and strategic guidance to scale-up businesses. Their involvement suggests a focus on Keepit's potential for significant market expansion and technological leadership.
Silicon Valley Bank
Silicon Valley Bank is a financial institution that provides debt financing to technology and life science companies. Their participation indicates a structured financing approach to support Keepit's operational needs and growth initiatives.
What's next for Keepit?
The recent major strategic investment in Keepit signals a pivotal phase of scaling and market penetration. With a total funding base of $102.5M, the company is well-positioned to enhance its technological infrastructure, expand its global reach, and further develop its unique blockchain-verified data protection solutions. This capital infusion is expected to accelerate product innovation, strengthen its competitive advantage against other SaaS data protection providers, and potentially explore new market segments or strategic partnerships. The company's focus on vendor neutrality and independent data protection, coupled with its recent financing, suggests a strategic push towards solidifying its leadership in the enterprise cloud data security landscape.
See full Keepit company page
