<p align="justify"><strong>SANTA CLARA</strong> &#8212; <u>Clumio</u>, a provider of data backup and recovery for public cloud customers, has secured $75 million in a Series D funding round led by <a title="" href="https://www.globenewswire.com/Tracker?data=sMJn68IaSYdCoF93RdrNSyGnykATnhlVpvSxQPO5BK1K_w-Bvj4IXnKQl1N_W4KW61qP3vmC50ntVoox1DUKLQ==" target="_blank" rel="nofollow noopener"><u>Sutter Hill Ventures</u></a>, along with participation from existing investors <a title="" href="https://www.globenewswire.com/Tracker?data=_vv2l25pA-s01uBl2ZtQQZ0D1yk6GW8ZcgGFDk2nuMkY4CpbJgkChML32XO3tGgqb84lAFot1QDP4DzsBsG_UIPIQUBshIurMixIi-Buir0=" target="_blank" rel="nofollow noopener"><u>Index Ventures</u></a> and <a title="" href="https://www.globenewswire.com/Tracker?data=hXtEmFRiaHImhthoK3vz5cIoNbtdUT8QpwjvHrwP1pOk75joNTbiD2h9_mj34x_0zK8NN2lskY0sORVQwXro1c7vicbqE-sErw-rIo9VNOE=" target="_blank" rel="nofollow noopener"><u>Altimeter Capital</u></a>, and new investor <a title="" href="https://www.globenewswire.com/Tracker?data=yLsaw3AFFbfeq8uXql5YFdKmsza0bfoTJv64zTLLgjcai-yQTmiPw9siTQiWM7Jovx2IWoSCsCLrA2CUdmLcHA==" target="_blank" rel="nofollow noopener"><u>NewView Capital</u></a>. The investment will be used to accelerate the company’s innovation and go-to-market in radically simplifying backup and recovery for public cloud customers. Clumio has now raised a total of $261 million.</p>
<p align="justify">“Few markets are as big as backup and recovery,&#8221; said Mike Speiser of Sutter Hill Ventures. &#8220;While many legacy vendors offer products for on-premise data protection, backup and recovery at public cloud scale is a significant technical challenge that Clumio is uniquely positioned to solve.&#8221;</p>
<p align="justify">Clumio also reported 4X growth in annual recurring revenue (ARR) in 2023, fueled by accelerated enterprise customer acquisition—software powerhouse <a title="" href="https://www.globenewswire.com/Tracker?data=x3j543UOxssrzGgf4FQJgcnjYvVwc0yRMMLJU1cKqE8iElug7wX2PcWFzQCLX3OKop_DQJgMjMRKKl7kYiU5vVnUoe5hDEj74vMemBefWyo=" target="_blank" rel="nofollow noopener"><u>Atlassian</u></a>, legal and risk management leader <a title="" href="https://www.globenewswire.com/Tracker?data=OSv1eFBFN85BRH08XChPIoNVsZ5gCiAK3oQNk4MCnhcC05s4Xy94YxCMYCo4U5NrYK03NmG1khQLs_09-Q4JGPBzQTTbvCKetL6DsPcBXb33RzLOGo3lt-kIIi3pvbWU" target="_blank" rel="nofollow noopener"><u>LexisNexis</u></a>, and recently public fast-casual restaurant chain <a title="" href="https://www.globenewswire.com/Tracker?data=E7PkzgGRRLy6AFohJKX0-o-3iSZipGAj1TfrAc09sEVwdIxuzALvqPX3P8RIZ-U3Qyv6QaWxRTKIDjW_prMrkqOaKxDlEg7NZkcbUNx9qR_KeNCMEvb_eK9kMPAvTtKT" target="_blank" rel="nofollow noopener"><u>Cava</u></a> to name a few. Clumio is now well into double-figures in millions of dollars in annual recurring revenue (ARR), with over 100 petabytes (PB) of cloud data protected for hundreds of customers, a net promoter score (NPS) of 86, and a <a title="" href="https://www.globenewswire.com/Tracker?data=wdY17tEO0KBk1oYx7CVUsV4JLVL66erfYoiLuJU3euWP3VYFXHqww1ngHJw9J5CqIsjJ_eIz8vpCIqqZqV24w_y3_6NMnxlmjz2JM6PbUv-4GR5413iu-15HzwMVt8-f" target="_blank" rel="nofollow noopener"><u>5-star</u></a> rating on the AWS Marketplace.</p>
<p align="justify">“Customers have reached a point of maturity in the public cloud where backup and recovery of their critical data is now a top priority,” said Poojan Kumar, co-founder and CEO of Clumio. “It is foundational to their operational resilience, ransomware recovery, and regulatory compliance needs. Because traditional backup and recovery vendors are not architected for public cloud applications, Clumio is seeing a deluge of demand across cloud databases, data lakes, and high-performance storage. We will use our Series D funding to accelerate our momentum in these areas, across the major cloud providers.”</p>
<p align="justify">“Clumio is doing to enterprise backup and recovery what Snowflake did to enterprise data warehousing,” said Rick Underwood, Chief Revenue Officer at Clumio. “With the explosion of cloud data, customers need a backup solution natively built in the cloud that can leverage and scale with their other cloud services. I witnessed this shift from bolt-on, retrofitted deployments towards hands-off, consumption-based solutions first-hand during my tenure at Snowflake, when the company grew its revenue 30X in five years. I am excited to lead Clumio on a similar revenue trajectory.”</p>
<p align="justify">When it comes to public cloud backup and recovery, the majority of enterprises today rely on rudimentary tools like snapshots and replicas. However, these lack necessary optimizations, observability, and security for enterprise-level operations, quickly becoming complex and expensive to manage. Clumio—the only <u>serverless</u> backup solution—overcomes these challenges with an autonomous, default-air gapped, and immutable platform that proactively monitors compliance and reduces cost.</p>
<p align="justify">&#8220;Clumio helped us automate the resilience of Jira Cloud,” said Alex Grach, Head of Engineering, Core Engineering Services at Atlassian. “Clumio was the only solution that met our needs for high-fidelity backup and restore at scale, both in terms of data volume as well as change-rate. It has also been simple to implement and easy to use.&#8221;</p>

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