The funding, which brings the total raised by the company to more than $400 million, was led by CVC Capital Partners VII. Acronis announced achieving “unicorn” status in 2019 after raising $147 million.

The money raised in the latest funding round will be invested in sales, staff resources, R&D, and to expand its product portfolio and its partner network.

Acronis provides solutions for protecting data, applications and systems, including antivirus, disaster recovery, backup and endpoint management products.