Zerto,
setting the standard for protection, recovery and migration of data in
cloud and virtualized data centers, today announced it has secured a $50
million Series E financing led by IVP and has achieved a fourth
consecutive year of 100%+ sales growth. The additional capital will
support continued product development to increase the flexibility of
software defined, hybrid cloud infrastructures for easier adoption and
use by business leaders in a wide range of industries. As a later stage
venture capital investor, IVP's noteworthy successes include high
profile technology companies AppDynamics, Domo, Marketo, Netflix, Pure
Storage, Snapchat, and Twitter.
IVP led the financing round which included new investor, Access
Industries, via its Israeli entity, Claltech. Access' investments in
global media and technology companies include Warner Music Group,
Square, Spotify, and Beats (sold to Apple). The round also included
participation from all current investors: 83North, Battery Ventures,
Harmony Partners, RTP Ventures, U.S. Venture Partners, and Mark Leslie
who also serves on Zerto's Board of Directors. Sandy Miller, General
Partner from IVP, will serve as an Observer on the Board of Directors.
Sandy has previously led IVP's investments in Supercell, Zynga,
Fleetmatics, Datalogix, OnDeck, SoFi, and Prosper. The round brings
Zerto's total financing to over $110 million, and will allow Zerto to
continue the momentum it has built with 2,200 customers spanning
financial services, healthcare, insurance, legal and education, and a
channel network of 250 cloud service providers and 900 resellers.
Zerto's global success is evidenced by 2015 highlights including an
award-winning product launch, new geo penetration, key technology
partnership activities, and industry and business accolades:
- The company released version 4.0 of its flagship product, Zerto Virtual Replication.
This version delivers cross-infrastructure replication and mobility,
helping organizations future proof their IT strategy by building data
center infrastructures across private, hybrid, and public cloud
environments including Amazon Web Services (AWS) to best suit their
business needs. The product also helps cloud service providers grow
revenues by providing Disaster Recovery as a Service (DRaaS) as part of
their Infrastructure as a Service (IaaS) offerings.
- The company was recently ranked #1 and #3 respectively on the Deloitte Technology Fast 50 Israel list, and Fast 500 EMEA list of fastest-growing companies with 24,000% growth over four years.
- New geographic expansions include the addition of a sales team in EMEA dedicated to the DACH region
(Germany, Austria, Switzerland), and additional teams in Sweden and
other locations in Europe. Extending its APAC market reach, Zerto
continued to invest in China, Japan, India, and Australia and New
Zealand (ANZ). Zerto's sales leadership was recently recognized by CEO Magazine for achieving 5X year-over-year growth in ANZ.
- Further bolstering its collaboration with AWS to strengthen Zerto's Cloud Continuity Platform, the company expanded its involvement in the Amazon Partner Network (APN) by completing the Storage and Disaster Recovery Competencies.
- Zerto won a Storage, Virtualization, Cloud (SVC) 2015 Award for the Cloud Backup and Recovery/Archive Product of the Year
"Zerto's business growth, strong team, execution track record, and
proven ability to address a market need by simplifying data center
operations motivated IVP to add Zerto to our portfolio. We look forward
to supporting the ongoing success of Zerto as they redefine the business
continuity market as being far more than an IT insurance policy, but
one that opens many doors for their customers' future growth." -- Sandy Miller, General Partner, IVP
"IVP's success stories are a veritable ‘who's who' in the technology
and digital sectors, and we are honored to become part of their rich
heritage of marketplace disruptors. We look forward to executing on our
singular vision of creating data center products that transform IT in
ways that help them pursue new opportunities for business success." - Ziv Kedem, CEO, Zerto