Nothing special about this software. Lots of backup freeware already can back up easily.
It is not wise to backup to the Cloud.
In the Cloud, it is basically:

I don't owe you anything if all your stuff stored in my Cloud is gone forever.
I don't owe you anything if all your stuff stored in my Cloud is compromised and other hackers gain access to it and misuse it.

If you trust this, please put it to the test and store your credit card numbers, bank account numbers and Bank Pin numbers.
Let us know later if anything happened to your money.

"Backup failed. You need 172571MB of free disk space on C: to complete"

That's funny. I thought this was a cloud backup service. I certainly set it to back up to OneDrive, not C:. And I'm backing up less than 100GB...not sure why it needs 172GB to back it up.

Who cares about the privacy issues?

Anything you put in the cloud you are giving it away to NSA and all other hackers in the world.
No exceptions, you are gambling your personal info. Passwords are useless, just ask google, all cloud storage servers have master unlock password to access all of your info at some point in time. Scrambling (encrypting) is not a solution either, there is software now to unlock such data and find the key in just few minutes.

Does it matter if the cat is white or black ? what matters is catch the mouse. To me unknown company may be having a better stuff than the much hipped known companies. Take for instance CCleaner is widely known and regarded as the best because of it's popularity but PrivaZer is 100 times better than cleaner.

All we need is to make sure that the key is from trusted authority. Let us stop discouraging starters unless we have a proven reason to. The boy today is the man tomorrow.

Allowing a third company to zip your files seems dangerous. I use Degoo with folder that I encrypt with VeraCrypt and the automatic backup is always encrypted. A simple macro waould acomplish the same thing as this software without the third party. 59.95 is rediculous for a two line macro in autokey.

Appears to be useful software ... for those who trust using the cloud. But until regulations are in place guaranteeing privacy (attention Micro$oft and google!) I would not put anything there I wouldn't post on a sign in my front yard.

Why would you advertise the software works on Windows Server 2003 & up, but then keep this restriction in place?
3) Strictly personal usage.

In a similar vein, why would you mention backing up MSSQL databases (almost exclusively business-related activity), and not allow commercial usage?

To all commentators here - with ransomware as a big risk, we need an automatic back-up + sync program that is safe from ransomware. Ideally, it would automatically on a schedule back up and sync any selected files and folders, or even an entire hard drive, to any destination, be it a cloud supplier or another HD in the PC or another computer on the network. And would need to do versions of files or the whole hard drive. But somehow safe from ransomware.
SugarSync, for example, which we are using, has admitted that ransomware will encrypt our files and they will re-sync with SugarSync AS ENCRYPTED by the bad guys, although theoretically (after wiping the computer) we could then pull down previous versions. But still a ton of work and never tested.
Any ideas? Thanks.

Boxcryptor does this easily with less fuss, and a proven track record.

If you don't need to backup to the cloud but want to backup securely and locally then just a compression file alone controlled by a.. BAT file will do.
In the dark ages of computing when the maximum hard drive size was about 20 MB all my programs were in a compressed state until used.
After use they were deleted with only the archive remaining.
The command line use allows files that have changed only to be updated in the archive, 7-zip’s help file has good information regarding the command line.

Although I have no interest in cloud storage nor have I used it, Karl’s point regarding giving the company your cloud access data seems very valid and something I would avoid.

Compared to my old method of storage today's download would be easier if you're willing to pay the price, I'll stick with my old method.

Only the second attempt of activation was successful. Windows XP x64. More impresions later.

Installed and registered without problems on a Win 8.1.3 Pro 64 bit system. I forgot to monitor the installation, sorry! After installation a detailed help page:
https://cloudbackuprobot.com/help/about/#pk_campaign=Install

A new (2014)(Russian/Ukrainian? - digitally signed Vasiliy Makritzkiy) company without name and address. The email address protected by CloudFlare:
http://i.imgur.com/B3PKztk.png

A blog, which was active with a few entries from March to August 2014. Even the paid standard version does not have "lifetime updates".
https://cloudbackuprobot.com/blog/

The program uses 7zip for compression and encryption. In the "about" all components from other companies are listed. that's good.

An easy to understand,clean, resizable interface opens. You define your backup task, files or folder, the backup destination, which can be a cloud, but also another folder, drive or ftp. In the options you should disable the automatic updates.

You can protect your backup, a .zip file with a password. The 7zip setting do allow to see all content, password needed for extraction. It would be better, if the 7zip call would add the "filename encryption".

In my test a nice and easy to use backup solution. Due to the nature, no incremental backups possible. Makes a good impression ... but:
You know that you give your cloud access data to Vasiliy Makritzkiy (you know him personally?) or some unknown company without name and address. I would not do this.

Uninstalled via reboot