{"id":5396,"date":"2019-09-18T11:46:12","date_gmt":"2019-09-18T11:46:12","guid":{"rendered":"https:\/\/fintech.global\/cybertechforum\/?p=5396"},"modified":"2019-09-18T11:46:12","modified_gmt":"2019-09-18T11:46:12","slug":"cybersecurity-scaleup-acronis-achieves-unicorn-status-after-147m-funding-round","status":"publish","type":"post","link":"https:\/\/fintech.global\/cybertechforum\/cybersecurity-scaleup-acronis-achieves-unicorn-status-after-147m-funding-round\/","title":{"rendered":"Cybersecurity scaleup Acronis achieves unicorn status after $147m funding round"},"content":{"rendered":"

Singapore-founded and Switzerland-headquartered Acronis\u2019 CEO says the company is valued between $1bn and $2bn after the cybersecurity firm\u2019s latest round.<\/strong><\/p>\n

Even though Acronis did not disclose its valuation, CEO Serguei Beloussov made the comment when speaking with\u00a0TechCrunch<\/a>\u00a0on the back of its new $147m raise. He also said that this was the first time the company had raised money since its foundation in 2003.<\/p>\n

Goldman Sachs led the round. Acronis will use the money to scale, looking to achieve $1bn in revenue by 2022. It aims do that by leveraging the increased demand for cybersecurity services.<\/p>\n

\u201cWe are growing because we have completely changed the company strategy from being a data protection company to a cyber protection company, from data protection applications to being a cyber protection platform, and being a data protection provider to building a cyber protection infrastructure,\u201d said Beloussov.<\/p>\n

Looking at the increased demand for strong digital defences, a new report from Lloyds Bank Commercial recently found that\u00a0cybersecurity was one of UK financial services companies’ biggest priorities<\/a>\u00a0right now. In 2018 only 46% of firms thought of it as a priority. That figure jumped to 70% in 2019. Other worries for financial services firms included\u00a0Brexit<\/a>\u00a0and regulatory compliance concerns.<\/p>\n

In related news, a BitSight report revealed in early September that\u00a0two in five companies have lost business due to poor cybersecurity<\/a>.<\/p>\n

Goldman Sachs has been busy in 2019. The investment bank kicked off in January by giving SME lending platform\u00a0Capify a \u00a375m credit facility<\/a>, in July it invested\u00a0\u20ac25m in German FinTech Raisin<\/a>\u00a0and in September it gave Mexican FinTech\u00a0startup Konfio a credit facility of up to $100m<\/a>. And that is on top of the Goldman Sachs\u2019 long-term ambition to beef up\u00a0its own coding department to better<\/a>\u00a0meet the trading demands of the modern world.<\/p>\n","protected":false},"excerpt":{"rendered":"

Singapore-founded and Switzerland-headquartered Acronis\u2019 CEO says the company is valued between $1bn and $2bn after the cybersecurity firm\u2019s latest round. Even though Acronis did not disclose its valuation, CEO Serguei Beloussov made the comment when speaking with\u00a0TechCrunch\u00a0on the back of its new $147m raise. He also said that this was the first time the company… <\/p>\n

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