Israeli zero-risk enterprise cloud storage company Zadara last night announced that it has raised $25 million in a financing round led by IGP Capital with participation from existing investors. IGP Capital's Moshe Lichtman and Uri Erde will join Zadara's board. The company has raised $60 million to date, including this financing round.
Zadara will use the investment to accelerate growth, including expanding worldwide sales, dev-ops and engineering teams as well as its service provider partner channel. The funds will also help Zadara develop its service offering, which focuses on eliminating the technical, operational, and financial risks associated with enterprise data storage and management.
Zadara uses a combination of industry-standard hardware and patented Zadara software to deliver powerful enterprise-class data storage and management - with the convenience of the cloud.
Zadara was founded in 2011 by CEO Nelson Nahum and VP engineering Yair Hershko. The company has corporate offices in Irvine, California and its development center in Yokne'am near Haifa.
Nahum said, “Zadara is dedicated to delivering zero-risk enterprise cloud storage. The new funding supports our mission by helping us to provide customers with industry-leading enterprise data storage solutions - like our upcoming all-flash arrays with data compression and deduplication - as a fully-managed service, with a 100%-uptime guarantee and consumption-based pricing."
“We have been impressed with Zadara’s founding team and its proven track record of building innovative, scalable businesses in the storage market over the past two decades. Zadara’s consumption-based storage platform offers enterprises the best of both worlds - cloud economics and flexibility, combined with local storage performance and control. Zadara’s customers and partners have been extremely passionate about its technology and value proposition and we’re excited to support the company in their journey,” said IGP Capital cofounder and general partner Moshe Lichtman.
Published by Globes [online], Israel business news - www.globes-online.com - on August 30, 2018
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