Slide, which develops data backup and disaster recovery tech for managed service providers, raised a $70M Series B led by GC, bringing its total funding to $95M
Context & Ripple Effects
Backup and recovery vendors have repeatedly attracted large growth rounds across distinct customer segments: Datto targeted SMBs, HYCU served multi-cloud mid-market and enterprise users, and Clumio focused on public-cloud customers. Slide’s financing extends that investment pattern to technology sold through managed service providers.
The MSP focus matters because it places Slide in a channel-led part of the backup market, rather than one defined solely by direct enterprise or cloud-provider sales. Earlier Datto funding for SMB backup and recovery and HYCU’s multi-cloud recovery financing show the category has supported substantial capital raises across go-to-market models.
First-order effects
- Slide gains $70 million in new capital and reaches $95 million in total funding, strengthening its capacity to pursue its backup and disaster-recovery offering for managed service providers.
- GC becomes the lead investor in Slide’s Series B, aligning the firm with the company’s next financing stage.
Second-order effects
- Other backup and recovery suppliers selling through MSPs face a better-funded competitor, increasing pressure to demonstrate differentiated recovery capabilities and channel execution.
- The round reinforces investors’ willingness to fund backup platforms tailored to specific distribution channels, alongside cloud-focused providers such as Clumio after its $75 million Series D.
Third-order effects
- If funding continues to flow to specialized backup vendors, the market may remain segmented by buyer and route to market—MSPs, public-cloud users, and multi-cloud enterprises—rather than consolidating around a single product model.
- Larger funding rounds can raise the scale required to compete in recovery software, potentially favoring vendors that can sustain product development and channel support over smaller, less-capitalized providers.
The trend: Data protection investment is increasingly organized around distinct customer channels and deployment environments, with MSP-focused platforms joining cloud and multi-cloud specialists in attracting growth capital.