HYCU, Inc. Leverages Anthropic to Revolutionize Data Protection Through Generative AI Technology

Boston, Massachusetts, Jan. 30, 2024 (GLOBE NEWSWIRE) — HYCU, Inc., a leader in data protection as a service and one of the fastest growing companies in the industry, today announced the HYCU Generative AI Initiative. This project aims to seamlessly integrate generative AI technology, including Anthropics' AI assistant Claude with HYCU's R–Cloud data protection platform, redefining the development process of data protection integrations and creating an easy to use way to create SaaS integrations.

“This development with Anthropic’s frontier generative AI model Claude is more than an integration; it's a leap forward in the future of data protection,” said Simon Taylor, Founder and CEO, HYCU, Inc. “By harnessing AI, we're not only accelerating our development processes but also reinforcing our commitment to security and operational efficiency. We're excited to take R–Cloud to the next level and pioneer this space and set new standards for the industry.”

HYCU Generative AI Sets New Benchmark for SaaS Data Protection

The HYCU Generative AI Initiative includes:

  • AI–Driven Development Process: Leveraging Anthropic’s Claude model with HYCU’s security–centric design evolves the platform into an intelligent, responsive, and adaptable development environment.
  • Deep Understanding of Data Protection Complexities: The integration allows Claude to fully understand the nuances of compliance, encryption, and recovery protocols, custom–tailored for HYCU’s platform.
  • Dramatic Reduction in Development Time: The integration significantly cuts down the development time for data protection integrations from weeks to hours.
  • Maintaining High Standards: All AI–driven integrations will adhere to HYCU’s stringent standards of security and efficiency.

Strategic Impact of Generative AI Data Protection for HYCU R–Cloud

Today’s news marks three significant innovations to the HYCU R–Cloud award–winning platform.

  • Pioneering Infrastructure Software Protection and Recovery: This initiative places HYCU at the forefront of integrating AI in data protection, marking a landmark moment in infrastructure software innovation. It also builds on the introduction of R–Scout, an AI Powered assistant HYCU introduced earlier to make it easy for customers and partners to learn about the breadth of HYCU offerings, educate them on how to leverage each solution from on–prem to public cloud to SaaS, and provide best practice guidance.
  • Synergyzing Company Missions: The collaboration aligns the missions of HYCU and Anthropic, emphasizing the creation of a safer world through advanced data protection and AI.
  • Setting New Benchmarks for SaaS and Cloud Services with AI: HYCU sets a new industry standard for AI–driven data protection platforms, as this level of collaboration and execution is new. It also delivers a new way for the thousands of HYCU customers to easily protect SaaS applications and cloud services when protection was previously not available. In addition to protecting core cloud services, HYCU is also focused on protecting the data and configuration in specialized AI services that are becoming critical for customers. The initial AI infrastructure HYCU protects out of the box are PineCone and Redis – both used as core Vector Databases critical for AI

HYCU R–Cloud includes the world’s first low–code development platform for data protection that enables SaaS companies and service providers to deliver application–native backup and recovery efficiently and rapidly. HYCU R–Cloud has been recognized for setting the bar for SaaS data backup and protection for its ease of use of integration for both end users and SaaS providers.

“Leveraging cutting–edge AI technology is a testament to HYCU's commitment to technological innovation and leadership in the data protection industry,” said Philippe Nicolas, Principal, Coldago Research. “It is another strong example of how HYCU continues to deliver unparalleled value to customers and reinforces HYCU's position as a market leader.”

For more information on HYCU R–Cloud, visit: https://www.hycu.com/r–cloud, follow us on X (formerly Twitter), connect with us on LinkedIn, Facebook, Instagram, and YouTube.

 # # # 

About HYCU 
HYCU is the fastest–growing leader in the multi–cloud and SaaS data protection as a service industry. By bringing true SaaS–based data backup and recovery to on–premises, cloud–native and SaaS environments, the company provides unparalleled data protection, migration, disaster recovery, and ransomware protection to thousands of companies worldwide. As an award–winning and recognized visionary in the industry, HYCU solutions eliminate complexity, risk, and the high cost of legacy–based solutions, providing data protection simplicity to make the world safer. With an industry leading NPS score of 91, customers experience frictionless, cost–effective data protection, anywhere, everywhere. HYCU has raised $140M in VC funding to date and is based in Boston, Mass. Learn more at www.hycu.com

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GLOBENEWSWIRE (Distribution ID 9028218)

Correction: “Averting the SaaS Data Apocalypse” by Simon Taylor: A Journey Through the SaaS Data Landscape

Boston, Massachusetts, Sept. 18, 2023 (GLOBE NEWSWIRE) — Please use the below updated release: HYCU, Inc., the fastest growing data protection as a service company is taking a major first step as the digital world is on the brink of a catastrophe. As more companies increasingly rely on Software as a Service (SaaS) solutions, the looming SaaS data apocalypse is quickly emerging as the most significant threat to data in years. Today, Simon Taylor's new book, “Averting the SaaS Data Apocalypse,” is released to shine a light on this imminent digital threat and share real world examples of what can be done to avoid digital mayhem.

From the meteoric rise of the SaaS data apocalypse to deep dives into how leading organizations, including the Boston Red Sox, Zebra Technologies, and Bain Capital, have navigated these challenging waters, Taylor offers an unparalleled insight into the modern SaaS landscape.

In the book's foreword, Enrique Salem, Partner at Bain Capital, an investor in HYCU, underscores the importance of Simon Taylor's work, stating, “From the dawn of the digital era to the explosive growth of data and the intricacies of SaaS, our digital world is brimming with both opportunities and threats. Simon Taylor, through this pivotal book, offers not just insights but a roadmap to navigating these challenges. 'Averting the SaaS Data Apocalypse' stands as a beacon for businesses, guiding them through the dynamic times of the data revolution. Simon's profound perspectives offer a blueprint for a more secure and streamlined digital age, ensuring the safeguarding of our digital tomorrow.”

In this compelling narrative, readers are plunged into a journey through the treacherous landscape of SaaS data sprawl. However, amidst the chaos, HYCU emerges as the beacon of hope with its first of its kind, R–Cloud, low code data protection development platform, leading the charge against this digital threat.

"There are 23,000+ SaaS applications in use globally, and more than 50% of successful ransomware attacks happening through SaaS use, and predictions that a successful ransomware attack will occur every two seconds by 2031, signs of the Apocalypse are clear," said Taylor. "The purpose of the book is to shed light on this emerging crisis, offer practical recommendations on how to deal with it, and learn from some of the most forward–thinking IT leaders that share their experiences in how to truly avert what is becoming the biggest IT challenge of our lifetime."

Availability:
“Averting the SaaS Data Apocalypse” is available for purchase on Amazon.com in print and Kindle versions worldwide with the pending release in audiobook format on Audible. For special orders, corporate packages, or a free signed copy, please visit: Signed Copy.

About Simon Taylor:
Simon Taylor is the CEO and founder of HYCU, the world's fastest growing multicloud data protection company. He has more than 20 years' experience in go–to–market strategy development, product marketing and channel sales management for the tech industry. He has worked for leading companies such as Comtrade Group, Forrester Research, Putnam Investments and Omgeo.

He received an MBA in international business from IE (Instituto de Empresa) Business School and an undergraduate degree in operations technology from Northeastern University. He is the author of "John's Book," an acclaimed full–length novel, and is a board member at Uncornered, an active member of YPO and a Research Fellow at Boston College.

About HYCU
HYCU is the fastest–growing leader in the multi–cloud and SaaS data protection as a service industry. By bringing true SaaS–based data backup and recovery to on–premises, cloud–native and SaaS environments, the company provides unparalleled data protection, migration, disaster recovery, and ransomware protection to thousands of companies worldwide. As an award–winning and recognized visionary in the industry, HYCU solutions eliminate complexity, risk, and the high cost of legacy–based solutions, providing data protection simplicity to make the world safer. With an industry leading NPS score of 91, customers experience frictionless, cost–effective data protection, anywhere, everywhere. HYCU has raised $140M in VC funding to date and is based in Boston, Mass. Learn more at www.hycu.com.

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GLOBENEWSWIRE (Distribution ID 8924198)

“Averting the SaaS Data Apocalypse” by Simon Taylor: A Journey Through the SaaS Data Landscape

Boston, Massachusetts, Sept. 13, 2023 (GLOBE NEWSWIRE) — HYCU, Inc., the fastest growing data protection as a service company is taking a major first step as the digital world is on the brink of a catastrophe. As more companies increasingly rely on Software as a Service (SaaS) solutions, the looming SaaS data apocalypse is quickly emerging as the most significant threat to data in years. Today, Simon Taylor's new book, Averting the SaaS Data Apocalypse,” is released to shine a light on this imminent digital threat and share real world examples of what can be done to avoid digital mayhem.

From the meteoric rise of the SaaS data apocalypse to deep dives into how leading organizations, including the Boston Red Sox, Zebra Technologies, Bain Capital, and LS Direct, have navigated these challenging waters, Taylor offers an unparalleled insight into the modern SaaS landscape.

In the book's foreword, Enrique Salem, Partner at Bain Capital, an investor in HYCU, underscores the importance of Simon Taylor's work, stating, “From the dawn of the digital era to the explosive growth of data and the intricacies of SaaS, our digital world is brimming with both opportunities and threats. Simon Taylor, through this pivotal book, offers not just insights but a roadmap to navigating these challenges. 'Averting the SaaS Data Apocalypse' stands as a beacon for businesses, guiding them through the dynamic times of the data revolution. Simon's profound perspectives offer a blueprint for a more secure and streamlined digital age, ensuring the safeguarding of our digital tomorrow.”

In this compelling narrative, readers are plunged into a journey through the treacherous landscape of SaaS data sprawl. However, amidst the chaos, HYCU emerges as the beacon of hope with its first of its kind, R–Cloud, low code data protection development platform, leading the charge against this digital threat.

"There are 23,000+ SaaS applications in use globally, and more than 50% of successful ransomware attacks happening through SaaS use, and predictions that a successful ransomware attack will occur every two seconds by 2031, signs of the Apocalypse are clear," said Taylor. "The purpose of the book is to shed light on this emerging crisis, offer practical recommendations on how to deal with it, and learn from some of the most forward–thinking IT leaders that share their experiences in how to truly avert what is becoming the biggest IT challenge of our lifetime."

Availability:
“Averting the SaaS Data Apocalypse” is available for purchase on Amazon.com in print and Kindle versions worldwide with the pending release in audiobook format on Audible. For special orders, corporate packages, or a free signed copy, please visit: Signed Copy.

###

About Simon Taylor:

Simon Taylor is the CEO and founder of HYCU, the world's fastest growing multicloud data protection company. He has more than 20 years' experience in go–to–market strategy development, product marketing and channel sales management for the tech industry. He has worked for leading companies such as Comtrade Group, Forrester Research, Putnam Investments and Omgeo.

He received an MBA in international business from IE (Instituto de Empresa) Business School and an undergraduate degree in operations technology from Northeastern University. He is the author of "John's Book," an acclaimed full–length novel, and is a board member at Uncornered, an active member of YPO and a Research Fellow at Boston College.

About HYCU

HYCU is the fastest–growing leader in the multi–cloud and SaaS data protection as a service industry. By bringing true SaaS–based data backup and recovery to on–premises, cloud–native and SaaS environments, the company provides unparalleled data protection, migration, disaster recovery, and ransomware protection to thousands of companies worldwide. As an award–winning and recognized visionary in the industry, HYCU solutions eliminate complexity, risk, and the high cost of legacy–based solutions, providing data protection simplicity to make the world safer. With an industry leading NPS score of 91, customers experience frictionless, cost–effective data protection, anywhere, everywhere. HYCU has raised $140M in VC funding to date and is based in Boston, Mass. Learn more at www.hycu.com.

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GLOBENEWSWIRE (Distribution ID 8921609)

HYCU® Introduces World’s First Data Protection Development Platform for SaaS

Boston, Massachusetts, Feb. 01, 2023 (GLOBE NEWSWIRE) — HYCU, Inc., the world's fastest–growing multi–cloud data protection as a service company, unveiled R–Cloud today, to allow Software as a Service (SaaS) companies and Independent Software Vendors (ISVs) to provide, in days, backup and recovery services for their SaaS offerings. R–Cloud is the world's first low–code, purpose–built data protection development platform specifically designed to make it easy for SaaS vendors to deliver a true enterprise class backup and recovery service for their users that is secure and scalable. With more than 17,000 SaaS applications in use across organizations today[1], 99% of those applications have no reliable backup and recovery available. With the explosion of SaaS and the rapid modernization of applications, it is more difficult than ever to see, manage, and protect business–critical applications for IT departments.

"If the number of vendors in one of the industry's leading market reports have only protected seven SaaS applications to date, the current approach to backup and recover SaaS has no future," said Simon Taylor, HYCU Founder and CEO. "The entire approach is broken. New SaaS offerings are being built. New approaches to protect them are a must. That is why we have re–thought the way data protection is done and found a way to provide ISVs and SaaS vendors the ability to add data protection with ease. Granular backup and recovery for SaaS is now available in as little as four days when it would have taken at least four quarters before to develop."

R–Cloud is the result of four years of development, and a number of patent–pending innovations, in an effort to closely engage with existing customers and SaaS solutions providers and to ensure there is an easy way to visualize all data across the enterprise, identify what data is protected, ensure data is not left unprotected, and be able to recover data in the event of human error or malicious attack. At its foundation, the R–Cloud platform empowers SaaS companies to leverage HYCU's data protection expertise, orchestration, identity and access management, policy management, and analytics to ensure all SaaS data is protected.

"Today marks a significant new milestone in what HYCU has been able to accomplish and will set a new standard in what companies should expect from data protection solutions," said Enrique Salem, partner, Bain Capital Ventures. "Only HYCU provides the solution for organizations to protect, manage, and recover all of their SaaS applications.”

For the first time, SaaS companies using R–Cloud can quickly release secure and verifiable data protection delivered as a service for their customers. Now, IT admins and developers that need data protection regardless of SaaS–based application will be able to access powerful data protection services. Today, the average development time to create new data protection is at least four quarters, and HYCU has reduced the time to four days. With the introduction of R–Cloud, users will gain the following benefits:

  • Low–code, Integrated Development Environment: R–Cloud empowers SaaS companies and ISVs to quickly develop new R–Cloud modules for their SaaS services, shortening development cycles to days rather than years.
  • Rapid Diagnosis via Graphical Visualization: Businesses get a comprehensive visualization of their entire data estate and protection status via auto–discovery and mapping of all applications and services – SaaS, PaaS, DBaaS, public, and private cloud. Organizations get a detailed and holistic view of their business–critical data and their protection status.
  • Tight Integration with Award–winning Data Protection Technology: SaaS companies and ISVs can couple their application intelligence with the discovery, orchestration, security, policy management, and reporting of HYCU.
  • Secure, Patented New Recovery Service: Applications developed on R–Cloud will provide SaaS users with:
    • One–click backup "" Users can "set and forget' backup policies that run 24/7
    • Granular recovery "" Quickly recover granular elements across any SaaS application protected.
    • Self–service capabilities "" Deliver role–based access control and enable SaaS admins and users to protect and restore critical data.
    • Security and confidence "" All developed data protection services are stored securely, and protected against ransomware.
  • Data Protection Services on HYCU Protg Marketplace: Organizations can subscribe and access a growing library of all SaaS, DBaaS, and PaaS applications that are protected.

The first SaaS–based applications, databases, and services supported in R–Cloud will include: Amazon RDS, Google Cloud SQL, Google Kubernetes Engine, Google Workspace, Google BigQuery, Salesforce, Atlassian Confluence, Atlassian Jira Software, Atlassian Jira Service Management, Okta and Microsoft 365. New application integrations will be available through HYCU Protg Marketplace.

"Now, more than ever, companies need to keep their employees and their technology resources secure, especially in light of geopolitical risk and the increase in ransomware attacks," said Theresia Gouw, Founding Partner, Acrew Capital. "This has been a key area of investment for us and HYCU is well suited to address. The launch of R–Cloud comes at an important moment in time, where the rise in SaaS application use in organizations is forcing new and innovative approaches to protecting and recovering applications and data. HYCU is leading that charge, and we are excited at what's to come."

"We invested in HYCU because of its leading data protection technology," said Philip Braddock, Portfolio Management Lead, Atlassian Ventures. "We believe that data protection as a service is crucial to the success of teams and with R–Cloud, HYCU enables teams to deploy data protection solutions faster to safeguard their work. R–Cloud adds huge value for Atlassian's 200,000+ cloud customers and we're excited to see its impact on thousands of global teams."

To learn more about R–Cloud visit, https://www.hycu.com/r–cloud. A live R–Cloud launch webinar with a detailed demonstration starts at 11:00 am ET. To register, visit: R–Cloud Launch.

About HYCU

HYCU is the fastest–growing leader in the multi–cloud and SaaS data protection as a service industry. By bringing true SaaS–based data backup and recovery to on–premises, cloud–native and SaaS environments, the company provides unparalleled data protection, migration, disaster recovery, and ransomware protection to thousands of companies worldwide. As an award–winning and recognized visionary in the industry, HYCU solutions eliminate complexity, risk, and the high cost of legacy–based solutions, providing data protection simplicity to make the world safer. With an industry leading NPS score of 91, customers experience frictionless, cost–effective data protection, anywhere, everywhere. HYCU has raised $140M in VC funding to date and is based in Boston, Mass. Learn more at www.hycu.com.


[1] https://www.statista.com/statistics/1239046/top–saas–countries–list/

WHAT THE INDUSTRY IS SAYING ABOUT R–CLOUD

"We're at a point in time where SaaS sprawl and ransomware threats are leading to significant challenges, and forcing companies to rethink the way they secure and protect data," said Austin Arensberg, Senior Director, Okta Ventures. "R–Cloud is a game changer. It's an innovative way to eliminate those challenges, and by incorporating Okta SSO technology, it provides a powerful approach to access and visualize data and applications to see what needs to be protected. This is what we saw from the beginning, and why we invested in HYCU last year. We're excited at the launch of R–Cloud and we know that it will impact the way companies address their SaaS data protection challenges today, and well into the future."

"One of the key findings from our recent SaaS Data Protection Report was that solutions to protect and recover SaaS apps was a work in progress," said Christophe Bertrand, Practice Director, Data Management and Analytics, ESG Global. "While there are many solutions available, there are still too many challenges in what end users expect and what is available. What has been needed is a way to democratize the data protection, and recovery, in a compelling and new way. The introduction of R–Cloud can help in resolving what I see as the SaaS applications data protection disconnect."

"As the front–line enabler of digital society in the Nordics, we continuously look for ways to protect our customer's data better and reduce the complexity in managing multicloud environments," said Harri Kallioniemi, Head of Public Cloud and Cyber Security, Tietoevry. "As HYCU partner, we're excited to see new kind of approach that enables the data protection for the long tail of increasing amount of SaaS solutions our customers are using."

"Our customers look to SADA to provide best–in–class professional services and technical expertise to unlock the power of Google Cloud," said Tony Safoian, President and CEO, SADA. "R–Cloud is an innovative technology approach to scale and protect business critical Google Cloud services. It provides a compelling way to protect and recover modern applications in Google Cloud and we couldn't be more excited at what R–Cloud can offer."

"The SaaS backup problem has been a difficult one to crack due to the overwhelming number of unique SaaS applications, which only continues to grow," said Vid Sista, Vice President, Digital Strategy, Alchemy Tech Group. "HYCU's unique approach of crowdsourcing may be the best way to democratize SaaS backup. Allowing solution providers and ISV's access to their API's to develop the backup and recovery solution, then publishing a certified solution to their marketplace for other customers is an ingenious way to capture the most critical SaaS applications quickly."

"HYCU is addressing a significant challenge for SaaS data protection, by turning things on its head," said Chris M. Evans, Principal and Founder, Architecting IT. "R–Cloud, as a SaaS data protection development platform, provides a way to address not just the visualization aspect of a company's data estate but provides an attractive way to address the scalability and recovery issues that no one has come up with before. Now, for example, a CIO would be able to see a completely different view well beyond just the individual asset or physical infrastructure. The physical infrastructure it sits in will be irrelevant in that sense."

"In my more than twenty years tracking significant developments in data protection and security, HYCU R–Cloud ranks in the Top Five," said Jerome Wendt, Founder and Principal, DCIG, LLC. "With more data unprotected than ever before, HYCU is turning the ability to backup, recover and protect SaaS data on its head, making it far easier and simpler while providing enterprises with unprecedented flexibility."

"The explosion of point–SaaS applications in the workplace has led to massive sprawl of both apps and data within an organization," said Rob Drivers, UK Sales Director (Public Sector) Software division, SCC UK. "This has left many companies and their business–critical applications at risk. SCC always strives to provide quality solutions and services to support our customers, embracing innovation from our strategic partners. With the announcement of R–Cloud, HYCU is on the way to setting the standard for managing the integrity of SaaS applications and data. It gives the power to SaaS companies and their customers to ensure that their data is secure, no matter the application. This, in turn, will enable SCC to build services and deliver new ways to empower and protect our customers in a significant and new manner. We look forward to working with HYCU with the roll out of R–Cloud."

"The explosion of SaaS solutions has fractured visibility and recoverability of an organization's data assets," said Scott Lowe, Co–founder, CEO and Lead Industry Analyst. "R–Cloud brilliantly solves the two sides of this complex problem – for both customers and SaaS vendors – with an abstraction layer that provides SaaS vendors with a low–code plug–and–play backup as a service offering and customers with a point–and–click affordable marketplace and single pane of glass insight across their organization's entire supported software portfolio. R–Cloud represents a new era in data protection and recoverability for modern enterprises."

"I've been following HYCU since its inception, and I'm impressed by the trajectory of the company and their capability to address key challenges in the application data protection landscape with an innovative approach," said Philippe Nicolas, Founder and Analyst, Coldago Research. "But, incremental evolutions won't solve challenges in data protection for SaaS applications and something new is needed. HYCU realized this and the introduction of R–Cloud represents a significant change in closing the gap that exists between SaaS application adoption and protecting users' data."

“SaaS data protection has become a growing painpoint across organizations, especially with the rise of ransomware,” said Krista Macomber, Senior Analyst, Data Protection at Evaluator Group. “I see R–Cloud as a unique solution, providing a development platform to accelerate the ability of SaaS app providers to develop native backup and recovery capabilities, and then a marketplace to streamline adoption.”

"There is an increasingly concerning massive gap in the industry with numerous unprotected SaaS applications and services. This translates into substantially increased business risks and cybersecurity threats linked to unprotected data and exposure to IT departments” said Dan Molina, Co–President & CTO at Nth Generation. “By opening their technology and allowing SaaS companies, ISVs, and partners to write to HYCU R–Cloud, we see this as a significant catalyst in bridging the exposure and data protection gap. Along with the ability to visualize the entire data estate, this architectural enhancement will allow us to bring business–critical awareness to clients on what applications and data are unprotected, and at risk. We are excited to work with HYCU to further help our clients strengthen their security posture in our role as trusted advisors on IT, Cloud and cybersecurity solutions."

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GLOBENEWSWIRE (Distribution ID 8740479)

Extreme Solution and HYCU® Advance Digital Transformation Strategy for Global Healthcare Company EVA Pharma

Boston, Massachusetts, July 26, 2022 (GLOBE NEWSWIRE) — HYCU, Inc., a pioneering enterprise BaaS company specializing in hybrid and multi–cloud data protection as a service, today announced Extreme Solution, a HYCU Cloud Services Provider Program provider, will supply EVA Pharma, an innovation–led, global healthcare company based in Egypt, with its modern technological infrastructure, in order to make significant breakthroughs in various product initiatives. As part of these initiatives, EVA Pharma has been investing in cloud–native solutions to bolster product development and launch support. When the company could not easily carry out disaster recovery (DR) to the cloud with its previous data protection solution, EVA Pharma turned to Extreme Solution. Extreme Solution is a leader in digital transformation and cloud solutions with more than 20 years' experience working with customers across Egypt, the UAE and North America on software development, consultancy, public cloud and critical infrastructure.

EVA Pharma, which operates in more than 40 countries around the world, has partnered with HYCU and Extreme Solution to permanently secure the availability of services and information under even the most difficult circumstances, in addition to providing fully secured backups and DR strategies for its systems, which support the company's digital transformation plans while maintaining the security of data and information, through the partnership with leading data security providers such as a HYCU.

"Providing secured copies of data and information to protect against loss, sabotage or ransomware and increase the availability of electronic services under all conditions is a necessity for digital transformation," said Michael Mounir, Head of IT & Digital Transformation at EVA Pharma. Mounir explained that the cooperation includes solutions to address any sabotage that targets either on–premises or cloud services and may result in data loss, whether an intentional attack or unintended incident.

"We have a strong reputation for delivering on digital success for our customers, to ensure they have the best ROI with cloud–native and DR to cloud solutions. These solutions can help EVA Pharma both grow and scale," said Sherif Kozman, CEO, Extreme Solution. "HYCU's cloud–native data migration, protection and recovery software have helped us to meet our customers' demanding data protection and DR needs."

By deploying HYCU Protg and HYCU Protg for Office 365, Extreme Solution was able to address a cloud DR need that EVA Pharma was unable to accommodate via its previous legacy data protection solution. HYCU Protg licensing covered the cost of all three public cloud platform providers (Azure, AWS and Google Cloud) and removed the need for additional storage costs. With HYCU Protg advanced search, auto–journaling and alerting capabilities, Extreme Solution was also able to address EVA Pharma's stringent industry compliance requirements.

"The work the combined teams from Extreme Solution and HYCU did for EVA Pharma is another strong example of the use cases and solutions we continue to deliver to our growing Cloud Services Provider community," said Colum o'Donovan, Senior Director, Global Cloud Alliances, HYCU Inc. "With HYCU's powerful cloud–native data protection as a service data management solution and Extreme Solution's expertise and know–how, joint customers have a cost–effective and efficient way to handle all their multi–cloud data protection needs."

HYCU solutions have been designed specifically to meet the cloud–native data protection and data management needs of next–generation on–premises and cloud services, managed services, and systems integrators. HYCU's Cloud Services Provider Program allows Extreme Solution to cost–effectively scale growth and their customers' adoption with simplicity and ease of use.

To learn more about the HYCU Cloud Services Provider Program, visit https://www.hycu.com/service–providers/ or contact info@hycu.com.

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About HYCU

HYCU is the fastest–growing leader in the multi–cloud backup and recovery as a service industry. By bringing true SaaS–based data backup to both on–premises and cloud–native environments, the company provides unparalleled data protection, migration and disaster recovery to more than 3,100 companies worldwide. HYCU's award–winning, purpose–built solutions eliminate the complexity, risk and high cost of legacy–based solutions, providing data protection simplicity in a hyper–connected, multi–cloud world. Customers experience frictionless, cost–effective data backup and recovery, no matter where their data resides. Based in Boston, Mass., the company employs 300 people across the globe. Learn more at www.hycu.com.


HYCU® Secures $53 Million Series B to Fuel Hypergrowth for New SaaS-based Service

Boston, Massachusetts, June 09, 2022 (GLOBE NEWSWIRE) — HYCU, Inc., a pioneering enterprise BaaS company specializing in hybrid cloud and multi–cloud data backup and recovery as a service, today announced its $53 million Series B led by Acrew Capital. All Series A investors returned, including Bain Capital Ventures (BCV). Strategic investors and innovation leaders Atlassian Ventures and Cisco Investments also participated in the round. Funding will help accelerate several key go–to–market initiatives to support significant demand in HYCU's multi–cloud data protection solutions across on–premises and public cloud environments, including bringing to market a new developer–led SaaS service.

With 92 percent of organizations rapidly adopting a SaaS–based multi–cloud model, there is a critical need for companies to deploy a new breed of solutions that serve as true multi–cloud data protection delivered as a service. With a mission of building a safer world by protecting critical data, HYCU will use the new funding to continue developing its solution to serve ever–evolving data and recovery needs. Over the past 12 months, HYCU has added 165 employees across go–to–market, sales, HR and engineering. The new funding will accelerate key positions in alliances, product marketing and customer success as well as advance some key innovation–focused solutions and services delivery.

"With an average of more than 130 data silos in use at today's enterprises, any solution to manage, protect and recover data should be easy to use and deploy," said HYCU Founder and CEO Simon Taylor. "HYCU fundamentally believes there is a better way to solve data protection needs, and we are on track to deliver a profoundly simple and powerful solution before the end of the year. Adding strategic investment from Atlassian Ventures and Cisco Investments, along with the on–going support from Bain Capital and Acrew is a testament to what the team has developed and is delivering to customers worldwide."

Theresia Gouw, cofounder of Acrew Capital, joins BCV Partners Enrique Salem and Stefan Cohen, and Simon Taylor on the HYCU Board of Directors. Gouw, a well–respected investor and strategic leader, currently serves on several SaaS boards, including SolvHealth, PredictHQ and Ketch. Her experience in the industry will help HYCU as it continues to enhance and grow its solution portfolio to meet customer needs.

"The rise of multi–cloud brings an insurgence of ransomware threats," said Gouw. "Amidst the current economic climate, the explosion of data assets and the high value of data, we've seen HYCU rise as the key way of simplifying the multi–cloud data protection experience including a powerful way to address ransomware protection and recovery. I look forward to being an active member of the HYCU Board of Directors and to help further position HYCU as the leading data backup and recovery solution for multi–cloud and SaaS solutions. This is only the beginning and it's an exciting time to be paving the way to the future of data protection."

In recent years, SaaS customers have begun to require answers to how their data is protected. As a result, organizations are identifying the need for data backup and recovery solutions. HYCU provides granular recovery capabilities, supporting individual file systems and networks that enable SaaS services to easily write an enterprise–grade data protection solution directly into its platform.

"In the hybrid world, customers expect to consume cloud delivered as–a–Service offerings. HYCU is applying this to backup and data resiliency with a cloud–native, storage agnostic solution," said Aleem Rizvon, vice president of Corporate Development for Cisco. "Through Cisco Intersight, we are working to transform many of the traditional IT functions into cloud services. That's why we are pleased to invest in HYCU as they bring this approach to the data resiliency space."

"At Atlassian, we believe in breaking down organizational and data silos across technical and business teams. Collaboration is about bringing these teams together, and HYCU does this by allowing customers to work together on a secure and reliable platform,” said Matt Sonefeldt, Head of Atlassian Ventures. "We're excited to welcome HYCU to the Atlassian Ventures family and believe its approach to data protection as a service creates immense potential for our 200,000+ cloud customers."

HYCU's Series B follows a $87.5M Series A led by BCV last year and brings the total investment to $140M in a little over a year. Building on year–on–year bookings growth of 150%, this announcement follows a successful first quarter close, with projections to achieve the same growth rate in 2022. The company also tripled revenue in the past 12 months, maintained a 135% net–retention rate, maintained a 91 net promoter score (NPS), the highest in the industry for data protection companies, and saw a 4x increase in valuation in the last year.

For more information on HYCU, visit: https://www.hycu.com, or follow @hycuinc and connect with HYCU on LinkedIn.

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About HYCU

HYCU is the fastest–growing leader in the multi–cloud backup and recovery as a service industry. By bringing true SaaS–based data backup to both on–premises and cloud–native environments, the company provides unparalleled data protection, migration and disaster recovery to more than 3,100 companies worldwide. HYCU's award–winning, purpose–built solutions eliminate the complexity, risk and high cost of legacy–based solutions, providing data protection simplicity in a hyper–connected, multi–cloud world. Customers experience frictionless, cost–effective data backup and recovery, no matter where their data resides. Based in Boston, Mass., the company employs 300 people across the globe. Learn more at www.hycu.com.


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Extreme Solution Joins HYCU® Cloud Service Provider Program

BOSTON, Sept. 30, 2021 (GLOBE NEWSWIRE) — HYCU, Inc., a pioneering enterprise software company specializing in multi–cloud data management, today announced Extreme Solution, a Google Cloud partner focused on aligning innovative technology solutions to help customers with their digital transformation initiatives, is the latest solutions provider to join the HYCU Cloud Services Provider Program. A leader in cloud–based technology software solutions with more than 20 years of experience servicing customers across Egypt, UAE and North America, Extreme Solution is used by millions of users across a number of industries for Mobile and Web Solutions Development, Public Cloud and mission–critical Infrastructure initiatives.

"For more than 20 years, we have built a strong reputation on digital success for our customers to get the best ROI with cloud–native solutions that grow and scale as our customers grow and scale," said Sherif Kozman, CEO at Extreme Solution. "We have aggressive growth goals and in order to meet them, we need to partner with and round out our offerings with companies like HYCU. HYCU cloud–native data migration, protection and recovery software as a service is easy to use and deploy and helps us meet the demanding data protection needs for our customers and partners regardless of location, be it physical, virtual or Google Cloud–based."

HYCU solutions were designed specifically to meet the cloud–native data protection and data management needs of next–generation on–premises and cloud services, managed services and systems integrators. HYCU's Cloud Services Provider Program allows Extreme Solution to cost–effectively scale growth and their customers' adoption with simplicity and ease of use.

"We are thrilled at the continued interest in our Cloud Services Provider Program," said Michele Lynch, EMEA Channel Director, HYCU Inc. "With HYCU, Extreme Solution's partners and customers alike gain a powerful as a service data management solution to deploy for their customers. As a true cloud–native service, HYCU has quickly become a key building block for a financially rewarding model to help our partners be more profitable and to assist in their aggressive business expansion plans. Welcome Sherif and the entire Extreme Solution team to the HYCU family."

Extreme Solution will be showcasing the latest HYCU solutions at The Techne Summit in Alexandria, Egypt from October 2–4.

To learn more about the HYCU Cloud Services Provider Program, visit https://www.hycu.com/service–providers/ or contact info@hycu.com.

For further information, please contact:
Don Jennings
HYCU, Inc.
Tel: (617) 791–1710
Email: don.jennings@hycu.com


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