Zerto, a Boston, MA-based IT resilience company, raised $33m in equity financing.
The equity funding also allows Zerto to draw up to $20m in additional venture debt under an existing credit facility.
The round was 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 Capital Markets, the investment arm of Israel’s financial institution, Bank Hapoalim, as well as Zerto’s venture debt provider, Kreos Capital. The financing further strengthens the company’s financial position and supports its future innovation. The news follows Zerto’s recently unveiled plans to extend its IT Resilience Platform™ to support next generation, cloud native applications. providing disaster recovery, data protection, and mobility in a single, simple, scalable platform for on-premises, cloud, and now next-gen applications.
Founded in 2009 by Ziv Kedem, CEO, Zerto provides the IT Resilience Platform™, an all-in-one converged disaster recovery, data protection, and cloud mobility solution that enables digital transformation, reduces downtime and data loss, and allows businesses to move workloads across different public clouds or data centers. The company works with more than 1,500 partners and is powering resiliency offerings for 450 managed services providers. It is used globally by over 8,000 customers.