Acronis bags $250m in BlackRock-backed funding round

CyberTech firm Acronis has raised $250m in an investment round that saw support from companies including BlackRock.

The investment also saw participation from CVC Capital Partners VII and other investors. Acronis has previously received financial banking from Goldman Sachs. The round valued Acronis at more than $3.5bn, increasing from $2.5bn.

Founded in 2003, Acronis unifies data protection and cybersecurity, delivering cyber protection that solves safety, accessibility, privacy, authenticity, and security challenges.

The company also offers antivirus, backup, disaster recovery, endpoint protection management solutions, and award-winning AI-based antimalware and blockchain-based data authentication technologies through service provider and IT professional deployment models. These solutions protect data, applications, and systems in any environment.

Acronis products are available through 50,000 partners and service providers in over 150 countries and 40 languages.

Global FinTech investment firm Portage has launched a late-stage, FinTech-focused fund.

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