Zerto, a prominent IT resilience firm, has announced that it has raised $33 million in equity financing. The investment will accelerate innovation of the company’s IT resilience platform and reinforce its posting the rapidly evolving data protection market.
The equity funding also allows Zerto to draw up to $20 million in additional venture debt under an existing credit facility.
“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.”
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.
Read the full announcement here.