{"id":3952,"date":"2020-06-18T10:43:16","date_gmt":"2020-06-18T14:43:16","guid":{"rendered":"https:\/\/solutionsreview.com\/backup-disaster-recovery\/?p=3952"},"modified":"2020-06-18T10:43:39","modified_gmt":"2020-06-18T14:43:39","slug":"zerto-raises-up-to-53-million-in-financing-from-existing-investors","status":"publish","type":"post","link":"https:\/\/solutionsreview.com\/backup-disaster-recovery\/zerto-raises-up-to-53-million-in-financing-from-existing-investors\/","title":{"rendered":"Zerto Raises Up to $53 Million in Financing From Existing Investors"},"content":{"rendered":"

\"ZertoZerto <\/span>has announced<\/span><\/a> it has raised $33 million in equity financing. The equity funding also allows <\/span>Zerto<\/span><\/a> to draw up to $20 million in additional venture debt under an existing credit facility. This round is supported by existing investors, including Access Industries via its Israeli entity Claltech, 84North, Battery Ventures, Harmony Partners, IVP, RTP Ventures, and U.S. Venture Partners. These are also alongside a new investor, Poalim Capital Markets, the investment arm of Bank Hapoalim, as well as Zerto\u2019s venture debt provider, Kreos Capital.<\/span><\/p>\n

<\/span>Our<\/span> Buyer\u2019s Guide for Backup and Disaster Recovery<\/span><\/i><\/a> helps you evaluate the best solution for your use case and features profiles of the leading providers, as well as a category overview of the marketplace.<\/span><\/div><\/span><\/p>\n

Zerto offers an IT Resilience Platform, which combines backup, disaster recovery, and cloud mobility into one converged solution. Through an enterprise-scale, the provider\u2019s software platform delivers continuous availability, which minimizes downtime. Additionally, IT Resilience simplifies workload mobility in order to protect, recover, and move applications across hybrid and multi-clouds freely. Users are able to replace their legacy solutions through Zerto\u2019s single platform. Zerto also powers resiliency offerings for Microsoft Azure, IBM Cloud, and AWS.<\/span><\/p>\n

In a press statement, Ziv Kedem, CEO of Zerto said, \u201cThis investment further validates our vision and direction as innovative leaders in the IT Resilience market. It\u2019s 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.\u201d<\/span><\/p>\n

Learn more about <\/span>Zerto.<\/span><\/a><\/p>\n

<\/div><\/p>\n

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\"Download<\/a><\/p>\n<\/div>\n\t\t<\/div><\/div><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Zerto has 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. This round is supported by existing investors, including Access Industries via its Israeli entity Claltech, 84North, Battery Ventures, Harmony Partners, IVP, RTP Ventures, […]<\/p>\n","protected":false},"author":43,"featured_media":3833,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[3],"tags":[421,923,406],"acf":[],"yoast_head":"\nZerto Raises Up to $53 Million in Financing From Existing Investors<\/title>\n<meta name=\"description\" content=\"Zerto has raised $33 million in equity financing. 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This news comes on the heels of Zerto\u2019s <\/span>recent announcement<\/span><\/a> that it will extend its IT Resilience Platform to support next-generation, cloud-native applications. These plans reinforce Zerto\u2019s place in the data protection space by providing disaster recovery, data protection, and mobility in a single, scalable platform for on-prem, cloud, and now next-gen applications. The financing further supports Zerto\u2019s financial position and supports its future innovation.<\/span><\/p>\n