Druva taps former VMware executive as the company continues to scale
Druva, the leading provider of data security, today announced the appointment of Jagroop Bal as Chief Financial Officer. Bal will lead the financial strategy to scale the company and will oversee the finance, accounting, legal and IT functions.
Druva delivers the Data Security Cloud, the industry’s first and only fully managed, 100% SaaS platform. Now serving nearly 7,500 customers, Druva has seen strong growth over the past year with its unwavering commitment to protecting and securing customer data everywhere it lives. With advanced and persistent threats resulting in more frequent and severe consequences, the demand for modern data security solutions has never been higher.
“Druva has transformed how thousands of businesses secure and protect data with cloud-native, GenAI-enabled data security,” Jaspreet Singh, CEO and co-founder of Druva. “As we enter our next phase of growth, Jagroop’s deep experience in scaling companies and financial expertise will be key to propelling Druva to even greater heights. Jagroop’s leadership will help scale our operations, strengthen our market position, and further our mission to keep data secure and recoverable against any threat.”
Bal is an accomplished financial leader with over 20 years of experience and joins Druva from VMware, where he most recently served as Vice President of Corporate Finance and Investor Relations. In his tenure with VMware, Bal helped scale the company and transform the business model to subscription & SaaS. He played a pivotal role in driving transformative M&A, capital market transactions, and successful spinout from Dell Technologies. Prior to VMware, Bal held finance and corporate strategy roles at Hewlett Packard Enterprise, and was a management consultant at Deloitte and Accenture.
“I have long admired Druva’s product excellence, and I’ve witnessed just how critical data security is to keep business data safe,” said Jagroop Bal, CFO at Druva. “I’m thrilled to be joining Druva and look forward to driving the next phase of growth for the company. The market opportunity ahead of us is immense, and Druva’s ongoing innovation will be truly impactful for enterprises worldwide.”
The expansion of Druva’s leadership comes on the heels of significant momentum for Druva. In September, Druva launched gen-AI powered Dru Investigate to enable faster, more thorough cyber investigations into data threats. In July, Druva delivered Managed Data Detection and Response to further support customers with a 24x7x365 backup monitoring service, providing an expert extension to customers’ incident response teams.
The company is consistently recognized in the industry for its fully managed approach to data security. In the past year, Druva was named a Leader in the IDC Cyber Recovery Marketscape, and received recognition as a Customers’ Choice in Gartner Peer Insights Voice of the Customer Disaster Recovery as a Service and Gartner Peer Insights Voice of the Customer Enterprise Backup and Recovery Software Solutions.
