Disaster recovery solutions developer Zerto Ltd. has raised $26 million in series D financing. Harmony Partners led the round, joined by all current investors, Battery Ventures, Greylock Partners, RTP Ventures and US Venture Partners. The company will use the proceeds to maintain long-term independence, and focus R&D efforts on its new Cloud Fabric initiative for workload mobility in hybrid clouds.
Zerto has raised over $60 million including the new financing round, since it was founded by CEO Ziv Kedem in 2009. The company has offices in Herzliya Pituach, Boston, Reading, UK, and Australia. The company claims to have tripled its annual revenue, and recruited more than 100 enterprise customers and 100 managed cloud service providers.
"At a time when the market is moving to software-defined 'everything,' Zerto offers crucial building blocks of the software-defined datacenter, namely virtualized disaster recovery, migration and workload mobility solutions," said Kedem. "With our platform, companies can port their data to any cloud, on any hypervisor. Our 'Cloud Fabric' vision is a huge leap forward for IT, and shows we're continuing to innovate and stay ahead of the market."
Published by Globes [online], Israel business news - www.globes-online.com - on June 18, 2014
© Copyright of Globes Publisher Itonut (1983) Ltd. 2014