Zerto Closes $13 Million Series C Funding to Accelerate Leadership in Disaster Recovery Market
Company Exceeds Targets, Continues to Pursue Significant, Growing Opportunity in Enterprise and Cloud Disaster Recovery
Boston, MA and Herzliya, Israel — April 4, 2013 — Zerto, rapidly becoming the disaster recovery standard in virtualized data centers for both enterprises and cloud service providers, today announced it has closed a $13 million round of Series C financing. The round was led by RTP Ventures, an affiliate of ru-Net Holdings, with strong support from existing investors Battery Ventures, Greylock IL and U.S. Venture Partners. Murat Bicer, managing director of RTP Ventures, will join the company’s board of directors.
Zerto’s award-winning solution provides enterprises with data replication and recovery designed specifically for virtualized infrastructures and the cloud. The financing caps an exceptional 2012, during which Zerto reached several significant milestones, including:
- Continued growth in the number of enterprise customers using Zerto — and the addition of many finance, healthcare and large retail customers including Univita Health, SGS, Kingfisher IT Services and many others listed at http://zerto.com/customers.
- The expansion of the Zerto Cloud Disaster Recovery Ecosystem (ZCE). Zerto has expanded the ZCE from 33 to more than 100 cloud providers who are revolutionizing disaster recovery (DR) by using Zerto Virtual Replication to power their cloud DR offerings, enabling businesses of all sizes to cost-effectively protect production applications both to the cloud and in the cloud.
- A doubling of Zerto’s workforce, with increases in sales, operations and support, to serve its customers worldwide.
- The recent announcement of Zerto Virtual Replication (ZVR) 3.0 brings the company’s hypervisor-based replication and disaster recovery solution to all virtualized workloads at the VM-level, extending the Software Defined Data Center vision to business continuity/disaster recovery (BC/DR). ZVR 3.0 widens the company’s technological lead in simple, automated BC/DR for both enterprise customers and cloud service providers (CSPs).
With this additional investment, Zerto will further accelerate its go-to-market strategy for its award-winning hypervisor-based replication solution for enterprises and cloud service providers. Zerto will also continue to expand its development and cloud product teams, as well as its sales and marketing operations, to serve its rapidly growing enterprise customer base. Founded in 2009, Zerto had raised $21.2 million in previous rounds.
“As global businesses increasingly adopt cloud and virtualized data centers to deploy critical applications, their number-one priority is ‘no-compromises’ data protection,” said Murat Bicer, managing director, RTP Ventures. “Zerto recently emerged as a game changer by pioneering the market for BC/DR solutions in virtualized and cloud environments. After successfully completing numerous milestones, Zerto is the de facto standard for virtualized disaster recovery, and is well positioned to expand its global customer and partner footprint.”
“The timing of this financing reflects the significant market adoption of virtualization and cloud solutions by companies of all sizes, as well as the current wave of momentum behind Zerto,” said Ziv Kedem, founder and CEO, Zerto. “With this additional capital and support of our investors — which shows confidence in our continued growth and success — Zerto is poised to aggressively push for even greater market adoption.”
About Battery Ventures
Since 1983, Battery has been investing in category-defining ideas and high potential companies and management teams worldwide. The firm views its investment as a true partnership, and works hard to help its companies carve out unique positions, dominate markets and reach business goals. Battery funds companies in technology and related markets at the Seed, Early, Growth and Buyout stage. For a full list of Battery’s companies go to: http://www.battery.com/our-companies/list/
The firm has offices in Boston, Silicon Valley and Israel, and has raised more than $4.5B since inception. For more information, visit www.battery.com and follow @batteryventures.
About Greylock IL
Greylock IL is an affiliate fund of Greylock Partners with offices in Herzlya, Israel and London. Some of the fund investments include: Wonga, Celeno, JustEat, iZettle, Aeroscout, Payoneer and Wanova. For more information visit: www.greylockil.com. For information on Greylock Partners visit: www.greylock.com .
About RTP Ventures
Ru-net Technology Partners (RTP), an affiliate of ru-Net Holdings, is an early stage venture capital firm. Investing globally out of offices in New York, Boston and Moscow, we support entrepreneurs building innovative technologies with a focus on cloud computing, software as a service, and enterprise infrastructure. For more information, please visit our website at www.rtp.vc.
U.S. Venture Partners (USVP) has helped build great companies for nearly three decades. Since its inception in 1981, USVP has invested more than $2.4 billion in over 420 companies. Throughout, USVP’s partners have worked diligently and consistently with early-stage companies, many of which have become industry leaders. More information on USVP can be found here: www.usvp.com
Zerto has developed the first hypervisor-based, disaster recovery and replication software for virtualized environments, offering simplicity and greatly reduced operational and maintenance costs. Developed exclusively for virtualized and cloud environments, Zerto’s award-winning solution, Zerto Virtual Replication (ZVR) is rapidly becoming the standard for disaster recovery and business continuity in the modern data center. ZVR received ‘Best of Show’ at VMworld 2011, as well as 2012 and 2011 ‘Product of the Year’ Gold Awards. For more information, please visit: http://zerto.com.