Zerto, a Boston, MA-based provider of a platform for protection, recovery and migration data in cloud and virtualized data centers, secured an additional $20m in Series E1 financing.
The round, which was in addition to the $50m growth financing in early January 2016, was led by Charles River Ventures with participation from existing investors Access Industries – via its Israeli entity Claltech, 83North, Battery Ventures, Harmony Partners, Institutional Venture Partners, RTP Ventures, and U.S. Venture Partners.
The company, which has raised $130m to date, intends to use the funds to maintain its sales growth with further expansion in key international regions and industries, as well as to continue to develop the product.
Led by Ziv Kedem, CEO, Zerto provides business continuity software solutions for organizations to protect virtualized workloads between public, private and hybrid clouds. The company’s flagship product is Zerto Virtual Replication, which enables protection, recovery and migration of applications in cloud and virtualized data centers.