Keepit, a vendor-neutral and immutable cloud service provider focused on SaaS data protection, has announced the renewal and expansion of its credit facilities, totalling $90 million USD. The facilities are supported by the Export and Investment Fund of Denmark (EIFO) and HSBC Innovation Banking.
The expanded financing develops Keepit’s financial position as the company enters its next phase of growth, with a focus on developing AI-driven data governance and compliance services. These initiatives build on Keepit’s immutable, point-in-time backup platform, which aims to provide customers with a reliable foundation for managing and using data in AI-related operations.
Financial developments
With total facilities maintained at $90 million USD, Keepit has aligned its financial resources with its growth plans. The financing follows a $50 million USD equity raise in December 2024 and a $60 million USD upsizing of credit facilities in September 2025.
These financial developments reflect continued support from investors and financing partners as Keepit expands its commercial operations. The funding will support ongoing product development, including the expansion of AI-focused services, broader market engagement, and continued growth within the enterprise sector.
Company progress and future direction
Over the past year, Keepit has expanded its customer base to more than 25,000 organisations. The company has continued to grow its presence in enterprise markets, including regulated industries, where independent and immutable SaaS backup solutions are increasingly used to support data protection requirements.
Looking ahead, Keepit plans to introduce a suite of AI services designed to help organisations govern, search, and extract value from their protected data. The company expects these capabilities to contribute to its continued development from 2026 onwards.
