Zerto, a Herzliya, Israel and Boston, MA-based provider of a platform for workload mobility, migration, protection and recovery in hybrid-cloud environments, raised $26m in Series D financing.
The round was led by new investor Harmony Partners with participation from current investors Battery Ventures, Greylock IL, RTP Ventures and U.S. Venture Partners.
The company intends to use the funds to expand its global presence, maintain long-term independence and focus major R&D efforts around its recently launched “Cloud Fabric”.
Led by Ziv Kedem, CEO and co-founder, Zerto has developed a software-based platform for workload mobility, migration, protection and recovery in hybrid-cloud environments, allowing for flexibility and manageability of applications whether they reside on-premise or in the cloud. The company’s Cloud Fabric platform, based on the Zerto Virtual Replication software, is an initiative for workload mobility in hybrid clouds, whether built on VMware, Microsoft, Amazon, Google or OpenStack.
Zerto serves more than 500 enterprise customers including brands such as ING, Premier, and Mitsubishi Chemical Holdings Group, while growing in the banking, technology, advertising, healthcare and higher education sectors, and 100 managed cloud service providers (CSP) including Terremark, KPN and Colt.
FinSMEs
18/06/2014