Israeli data recovery co Zerto raises $50m

startups

Zerto has developed a solution for data protection, migration and recovery for enterprises after disasters.

Israeli startup Zerto has raised $50 million in a financing round led by US fund IVP. Zerto has developed a solution for data protection and recovery and migration for enterprises, especially after disasters, and the transfer of information between virtual data centers and clouds, The company also announced more than 100% growth in its revenue for the fourth straight year. "Globes" selected Zerto as one of its most promising companies for 2015.

The money raised will support further development of the company's product for enhancing the flexibility of software defined hybrid cloud infrastructure aimed at simplifying the adoption and use of this infrastructure by business leaders in a wide range of industries.

IVP led the financing round, which included another new investor: Access Industries, through Claltech, its Israeli entity. The round also included participation from all current investors: 83North, Battery Ventures, Harmony Partners, RTP Ventures, U.S. Venture Partners and Mark Leslie who also serves on Zerto’s Board of Directors. When the current round is completed, Zerto will have raised more than $110 million, enabling the company to continue the momentum it accumulated with its 2,200 customers in a range of industrial sectors, in addition to a network of 250 cloud service providers and 900 distributors.

Zerto recently released its Version 4.0 of Zerto Virtual Replication, its flagship product, which provides cross-infrastructure replication and mobility, helping organizations future proof their IT strategy by building data center infrastructure across private, hybrid and public cloud environments, including Amazon Web Services (AWS), to best suit their business needs. The product also helps cloud services companies to increase their revenue by making disaster recovery service part of the infrastructure.

Brothers Ziv and Oded Kedem founded Zerto in 2010. They previously explained the solution to "Globes" by saying, "Companies depend on their database, and have trouble functioning without it. When the data center crashes, the customers are liable to run to somebody else. Companies cope with this difficulty by setting up another site. If one site crashes, you move to the other one. Zerto is aiming at companies that use remote cloud computers. Once upon a time, I would have said that this server can be connected to that disk, and can run some application or other. You can't do that now, because it changes dynamically. We also provide duplication of the information and the applications, and also the layers of automation, management, and various processes."

Zerto has 300 employees worldwide.

Published by Globes [online], Israel business news - www.globes-online.com - on January 13, 2016

© Copyright of Globes Publisher Itonut (1983) Ltd. 2016

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