funding

Hycu raises $53m in Series B round

The US cloud scale-up, which has an office in Cork, brings its total funding to $140 million

Simon Taylor, founder and chief executive of Hycu: ‘Hycu fundamentally believes there is a better way to solve data protection needs’

Hycu, a back-up as a service business headquartered in Boston, has raised $53 million (€49 million), in its Series B funding round.

The company, which has an office in Cork, has brought its total funding to $140 million (€130 million) as a result of the raise.

The business develops storage and security tools to help protect data in the cloud and ensure back-ups are preserved.

“With an average of more than 130 data silos in ...