Israeli cloud recovery co CloudEndure raises $7m

startup

The proceeds will enable CloudEndure to scale operations to meet increasing demand for its enterprise-grade Disaster Recovery (DR) solutions.

Israeli startup CloudEndure, which provides cloud disaster recovery solutions, has closed closed a $7 million financing round.. Infosys co-led the round with previous investor Magma Venture Partners. The proceeds will enable CloudEndure to scale its sales and marketing operations to meet increasing demand for its enterprise-grade Disaster Recovery (DR) solutions.

According to leading research firms, by 2020, 90% of disaster recovery operations will run in the cloud. CloudEndure helps companies solve the problem of downtime without the on-going high costs typically associated with traditional DR approaches. The company uniquely offers live migration and disaster recovery from any platform into and across clouds.

2015 was a year of significant growth, with CloudEndure adding Fortune 1,000 companies, and expanding its sales channel with over 70 partners worldwide.

Founded in 2012 by CEO Ofer Gadish and VP R&D Ofir Ehrlich, the company has offices in Ramat Gan and New York. In April 2013, CloudEndure raised $5.2 million from Magma and Zohar Gillon.

CloudEndure CEO Ofer Gadish said, “This new capital will enable us to scale our efforts to meet increased demand from enterprise companies seeking a new generation of DR solutions. We’ll also continue to innovate and extend our solution to meet the dynamic needs of our growing customer base.”

"We believe this will provide enterprises a way to improve operational agility at lower cost,” said Infosys VP Corporate Development & Ventures Jake Klein.

Published by Globes [online], Israel business news - www.globes-online.com - on December 10, 2015

© Copyright of Globes Publisher Itonut (1983) Ltd. 2015

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