Odaseva, the emerging player in Salesforce data protection, today announced a Series A round of $11.7M for a total of $14M from Partech Partners who leads the round. It represents a very good news for the small french player who needs such financial aid to accelerate its development in a growing competitive segment. Salesforce Ventures joined the tour as they did for the leader OwnBackup so the battle is on between these 2 players within Salesforce.Still a surprise to see Partech again in this storage and data management related topic as they suffer from lack of expertise and had several exotic selections and bad exits: Atlantis Computing, Lima, OpenIO, PrimaryIO to list a few. They really need an expertise in that market domain to really make the difference and strengthen their team. The good thing is they continue to try...
We hope this round will help Odaseva to understand market dynamic with data protection gorillas now in the field capitalizing on their installed base, channel, engineering team and reputation. The table below I update once a quarter illustrates these moves perfectly. People have to understand that it's not the best product who wins and there is only one rule, the market is always right.
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