Israeli Startup Zerto Lands $13 Million in Funding

MSP TODAY NEWS

Israeli Startup Zerto Lands $13 Million in Funding

By Nicole Spector

Backing stuff up using cloud technology is an increasing necessity, thus certain companies specializing in cloud services are seeing an up kick in the amount of data needing to be not only stored but secured as well.

One such company is Zerto, an Israel-based startup that uses cloud infrastructure for disaster recovery. The brand just closed a $13 million round of Series C financing.

RTP Ventures, an affiliate of ru-Net Holdings, led the investment round and garnered strong support from its line of existing investors that include Battery Ventures, Greylock IL and U.S. Venture Partners.

2012 was an excellent year for Zerto, with the company achieving great successes that warrant big endorsements. During the year, the company managed to grow its number of users and add new types including finance, healthcare, and large retail customers.

The company also expanded its Zerto Cloud Disaster Recovery Ecosystem (ZCE) from 33 to more than 100 cloud providers who are helping to revolutionize disaster recovery in using Zerto Virtual Replication.

Furthermore, Zerto doubled its workforce last year.

The financing comes at a crucial time for the company looking to further expand its services. Zerto's CEO and founder, Ziv Kedem, says that the financing speaks to the demand for products like those Zerto provides.

“This financing reflects the significant market adoption of virtualization and cloud solutions by companies of all sizes, as well as the current wave of momentum behind Zerto.” Kedem added. “With this additional capital and support of our investors - which shows confidence in our continued growth and success - Zerto is poised to aggressively push for even greater market adoption.”

The company has not only received laudatory funding, but has also gained a new team member. Murat Bicer, the managing director of RTP, will join Zerto's board of directors.




Edited by Jamie Epstein

Contributing Writer

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