// startup autopsy
EVault
Early cloud backup pioneer absorbed before the cloud era arrived
timingAcqui-hire
Fatal mistake: EVault was too early to market for cloud backup adoption, exhausting investor patience before enterprise demand materialized at scale.
Key Events Timeline
FOUNDING
EVault founded in the USA as an early cloud-based backup service provider.
PRODUCT LAUNCH
EVault expanded its enterprise backup product suite targeting mid-market businesses.
FUNDING
Final $6M funding round secured as company sought to extend runway and find growth.
SHUTDOWN
EVault was acquired, ending its independent operations after six years in the cloud backup market.