Zerto, a Boston, MA-based provider of a platform for protection, recovery and migration of data in cloud and virtualized data centers, raised $50m in Series E funding.
The round, which brought total financing to over $110m, was led by Institutional Venture Partners, with participation from new investor Access Industries, via its Israeli entity, Claltech, and current investors 83North, Battery Ventures, Harmony Partners, RTP Ventures, U.S. Venture Partners, and Mark Leslie.
In conjunction with the funding, Sandy Miller, General Partner from IVP, will serve as an Observer on the Board of Directors.
The company intends to use the funds for continued product development.
Led by Ziv Kedem, CEO, Zerto provides business continuity software solutions to keep enterprise and cloud IT running 24/7. Through the Zerto Cloud Continuity Platform, organizations can protect and move virtualized workloads between public, private and hybrid clouds. Its flagship product, Zerto Virtual Replication, allows users to protect, recover and migrate applications in cloud and virtualized data centers. .
The company serves 2,200 customers spanning financial services, healthcare, insurance, legal and education, and has a channel network of 250 cloud service providers and 900 resellers.