Datto has secured $75.0 million in new investment capital from investors. This funding round underscores confidence in the company's strategic direction and its pivotal role within the managed service provider (MSP) ecosystem.
As a leading global provider of security and cloud-based software solutions purpose-built for MSPs, Datto, a Kaseya company, operates on the principle that small and medium-sized businesses (SMBs) can achieve significant success with appropriate technological support. Datto’s comprehensive suite of solutions, including Unified Continuity, Networking, and Business Management, are delivered via an integrated platform. These offerings are specifically designed to drive cyber resilience, operational efficiency, and growth for its MSP partners. Through its global ecosystem, Datto’s solutions currently assist over one million businesses worldwide, providing critical defense against costly downtime and data loss across various environments, from servers and virtual machines to cloud applications.
The $75.0 million capital infusion is a significant development for Datto, reinforcing its financial strength and market leadership. This investment is anticipated to accelerate the company's strategic initiatives. Datto plans to prudently use the funds for growth initiatives, including further developing its integrated technology platform, investing in research and development to enhance its existing solutions, and exploring opportunities to expand its global market reach. This funding round is expected to enable Datto to continue innovating and delivering robust solutions that meet the evolving needs of MSPs and their SMB clients.
Looking forward, Datto remains dedicated to its mission of empowering its global network of MSP partners. The company aims to further strengthen its position as a vital technology partner, ensuring that businesses worldwide are equipped with the tools necessary for proactive dynamic detection, prevention, and fast, flexible recovery from cyber incidents, thereby safeguarding their operations and data.
