 Welcome back, everyone, to our special Silicon Angle presentation with Dhruva's live event here in Palo Alto. I'm John Furrier. Our next segment is about the $80 million in funding topic. And I'm here with Mahesh Patel, CFO of Dhruva, and Jeff Pars Co-Founder, General Partner of Riverwood Capital, the investor who put it all together with Mahesh. Thank you for coming on. Appreciate it. Let's talk about the $80 million. A lot of cabbage, as we say. So talk about what's going on with the funding. Well, we're a late-stage company. We have established a product market fit, over 4,000 customers, 40 petabytes managed in the cloud. But a real differentiated product, the way we attack the market. And the data protection landscape is evolving fast. And we believe that we have the right products out there to go capitalize on this. Just to get the numbers down, what round is this? And how much total raise have you guys done? Well, we really call it a late-stage round, because just the nomenclature round, what round is it? KBC. It changes the round. So it's a growth round. It's a growth round for us. So it's what we believe in a very late-stage round for us. We believe it's the right amount of capital to carry us forward. It's really about the opportunities that are ahead of us. When we think about what we've executed on thus far, we've had an amazing journey. But our best is ahead of us. So we have the tipping point. We cloud adoption, especially in infrastructure management and backup. And we play really well, and our new product sets are showing very strong progress. So really, our best is ahead of us with this capital. We're going to be able to capitalize on some market. So are you guys looking for capital or just come together opportunistically? How to, honestly, validate the market with the new next generation? True to cloud platform, also you've got to do some more development. But are you guys seeking financing or have this all come together? Well, it really validates, again, it validates what we've been building. And we really think this is opportunistic for us, because we've seen this as a great market for us. We've executed it at accelerating revenue, accelerating building growth. With the cloud adoption, we've continued to evolve. But we recognize at this point, at this journey, the additional capital allows us to get to the next stage, next level. And really, with a partner like Riverwood to join us, not only with the capital, but the domain experience they bring to the table, it was the right partnership to carry us forward. Jeff, what did you see in Druva? Obviously, you do a lot of investment in companies that have been in over a billion dollars in valuation. You had a great pedigree of deals you guys are involved in. What about Druva was attractive to you from a financial investment standpoint? Yeah, thanks for the compliment, by the way. I would probably remark on three things, John. The first thing we look for in companies like this is really a very large market opportunity. And when you think about the secondary storage market, I think it's actually one of the larger markets that has yet to be really, truly disrupted by the cloud. And Druva certainly at the forefront of that. And so with that leadership position and that sort of obvious mega-trend, I think there's a great growth opportunity for the company. The second thing I'd say is, as part of our due diligence, we really check an extensive customer call background check. And what we found there is really to a T that every customer is not only happy with what Druva is providing, but really, I think, have a significant expansion opportunity there. And that's a great validation. And really, lastly, is the management team. We certainly look to partner with these companies and really with the teams that we're backing. And between Jespreet and Mahesh and the team, I think we're really quite excited about partnering with the Druva team. It's interesting you mentioned about grilling the customers for the references as you do due diligence, which is what all investors do. You guys are hardcore, sounds like you're disciplined to go see that all the way through. On the customer journey segment, we had the customers drilling Druva pretty hard. So it's all kind of, all those due diligence. It's a new space. I mean, you're not new to this area. You're also on the board of Nutanix. They do primary storage. You mentioned secondary storage. Was there help there having a visibility into what Nutanix was doing and then it was within the secondary storage and the difference between them? Well, certainly we've been long time investors in the infrastructure space generally. And certainly our involvement in Nutanix has given us a great front row seat at some of the major enterprise infrastructure transitions. And that certainly informs our view about the secondary storage market and the opportunity that Druva has. What's next for Druva? What are you guys going to do with the cash? Are you going to do an exit? Is that being discussed? I mean, take us through how you see Druva unfolding. Well, it's been a fantastic journey so far. I'd say we executed amazingly over the last few years and continued to execute with its accelerating revenue growth as well. And we built out a global sales team servicing over 20 countries at this point. We are near cash flow positive at this point. And frankly, we have an amazing set of customers to capitalize on further. Really what we've done with the new Druva Cloud Platform bringing it to the table, this additional capital allows us to really take this forward. And we really think that we're in the early stages of a long game ahead of us. So we're really excited about where this capital is going to take us. And you're watching the cash, making sure it's going in the right spot. You got your investor there. You got to keep them happy. Absolutely, absolutely. Congratulations guys. This has been great exposure to the data transformation as you put it. Appreciate it. Great disruption in data protection, secondary storage, great market opportunity. The stakes are high and the best product, great management team and the ones who have the technology chops for centralizing the cloud operation to make it happen. Thanks to you guys for participating in this special event. Thanks for watching everyone. Thanks John.