Tuesday, 11th August 2020

Zerto secures multi-million financing

Zerto has raised $33 million in equity financing. The equity funding also allows Zerto to draw up to $20 million in additional venture debt under an existing credit facility.

The round is supported by existing investors:Access Industries via its Israeli entity Claltech, 83North, Battery Ventures, Harmony Partners, IVP,RTP Ventures, and U.S. Venture Partners. These are alongside a new investor, Poalim CapitalMarkets, the investment arm of Israel’s leading financial institution, Bank Hapoalim, as well asZerto’s venture debt provider, Kreos Capital. The news follows Zerto’s recently unveiled plans to extend its IT Resilience Platform™ to supportnext generation, cloud native applications. These plans reinforce Zerto’s leadership in the data protection market by providing disaster recovery, data protection, and mobility in a single, simple,scalable platform for on-premises, cloud, and now next-gen applications. The financing furtherstrengthens Zerto’s financial position and supports its future innovation.

Founded in 2009, Zerto enables more than 8,000 customers worldwide to ensure they can be ITresilient so they can thrive without downtime or disruption in a world where uninterrupted technology is key. Zerto’s IT Resilience Platform™ is an all-in-one converged disaster recovery, dataprotection, and cloud mobility solution that enables digital transformation, reduces downtime and data loss, and helps businesses move workloads seamlessly across different public clouds or datacentres.
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