Disaster recovery solutions developer Zerto Inc. has raised $13 million in its third financing round. ru-Net Holdings Ltd. affiliate RTP Ventures led the round, joined by current investors Battery Ventures, Greylock Partners, and US Venture Partners. The company will use the proceeds for marketing its hypervisor-based replication solution for enterprises and cloud service providers, expand its development and cloud teams, as well as its sales staff.
Zerto’s solution provides enterprises with data replication and recovery designed specifically for virtualized infrastructures and the cloud. The company said that the new financing follows important milestones reached during 2012. These included the adding of finance, healthcare and large retail customers, the expansion of its solution from 33 to more than 100 cloud providers, a doubling of its workforce, and the launch of the Zerto Virtual Replication (ZVR) 3.0 solution.
Zerto has raised $21.2 million since CEO Ziv Kedem founded the company in 2009. The company is based in Herzliya and Boston. "The timing of this financing reflects the significant market adoption of virtualization and cloud solutions by companies of all sizes, as well as the current wave of momentum behind Zerto," Kedem said.
"After successfully completing numerous milestones, Zerto is the de facto standard for virtualized disaster recovery, and is well positioned to expand its global customer and partner footprint," said RTP Ventures managing director Murat Bicer.
Published by Globes [online], Israel business news - www.globes-online.com - on April 7, 2013
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