Zerto, an
industry leader for IT resilience, today announced it 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 Capital Markets, the investment arm of Israel's leading
financial institution, Bank Hapoalim, as well as Zerto's venture debt provider,
Kreos Capital.
The news follows Zerto's recently unveiled plans to extend its IT Resilience Platform to
support next 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 further
strengthens 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 IT resilient 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, data
protection, and cloud mobility solution that enables digital transformation,
reduces downtime and data loss, and helps businesses move workloads seamlessly
across different public clouds or data centers.
"This investment further validates our vision and direction as innovative
leaders in the IT Resilience market," said Ziv Kedem, CEO, Zerto. "It's gratifying to receive
long-term commitments from our existing investors, and to add a new important
investor to our roster: Poalim Capital Markets. This is another milestone for
the business and allows us to confidently push forward with our plans to
provide customers with a solution for their next generation business
realities."
"Zerto is fast becoming a
major success story in the IT industry. It's an exciting time to join such a
committed group of investors who hold profound belief in Zerto's resilience
proposition and the team's ability to execute," said Talor Erdan, Head of
Technology and Investment Banking at Poalim Capital Markets. "Investing in
Zerto ideally matches Poalim Capital Markets' technology investment strategy,
investing in a winning team with market-leading products and strong commitment
to innovation."