CloudEndure, a provider of live-migration and enterprise-class Disaster Recovery tools, announced today that it has closed a $7 million dollar Series A funding round. The funding is led by Infosys, a leading IT services provider that works with some of the world’s leading enterprises. The new capital will allow CloudEndure to scale its sales and marketing operations in order to meet increasing demand for its Disaster Recovery solution. This funding round brings CloudEndure’s total investments to $12.2 million after a venture
CloudEndure helps companies solve the problem of downtime without the high costs usually associated with traditional Disaster Recovery tools. The company offers live migration and Disaster Recovery from any platform into and across clouds. In 2015, CloudEndure expanded its sales channels with more than 70 new global partners – some of them belonging to the Fortune 1,000.
CloudEndure’s CEO Ofer Gadish explains: “We are excited to announce this investment and validation from Infosys and our existing investors. This new capital will enable us to scale our efforts to meet increased demand from enterprise companies seeking a new generation of DR solutions. We’ll also continue to innovate and extend our solution to meet the dynamic needs of our growing customer base.”
Click here for CloudEndure’s official press release.
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