For a SaaS product, your users data and your intellectual property are your most valuable resources. In most cases, your code is already hosted on an external platform like Github and distributed on every of your developers' machines thanks to Git. But what about your database?
You most likely already have a database backup script in place or are using the automated backups of AWS or another cloud provider. This is a good start but it's still risky and it's likely you'll lose data one day.
It doesn't happen just to others, a lot of big and respected companies already lost some of their customers' data. Backups aren't what you spend time on until it's too late. For some insights, you can look at GitLab Postmortem of their database outage.
Here's a checklist of all required features your database backup strategy needs to implement to be sure you'll never lose your data. Of course, DBacked implements all of them.
Creating a backup strategy that implements all these points can be long and costly. Some open-source projects can help you with this but still requires that you monitor them.
DBacked provides a hosted database backup solution for PostgreSQL, MySQL and MongoDB that covers every point above and is configured in 5 minutes. Why wait?