Salesforce-Backed OwnBackup Valued at $1.4 Billion in Funding

OwnBackup, a startup that helps companies protect their data on Salesforce.com Inc. platforms, has been valued at almost $1.4 billion in a new funding round.

The company raised $167.5 million from a group of investors led by Salesforce Ventures, Insight Partners and Sapphire Ventures, according to a statement Thursday. Innovation Endeavors, Vertex Ventures and Oryzn Capital also participated.

New Jersey-based OwnBackup works with customers including Zoom Video Communications Inc. and robotics design firm Boston Dynamics Inc. to help protect against data loss from human error, bad code or malicious intent.

While the company has been mostly ...