|
||
|
Venture capital firms and funds in Europe 128 Venture Capital Group 3i Venture Capital Accuitive Medical Acer Venture Capital Act Venture Capital Ltd Adelaide Venture Capital Email ADS Ventures Boston Advantages Of Venture Capital Advent Venture Capital Agio Capital Alabama Venture Capital Alaska Venture Capital All Stages Venture Capital American Venture Capital Analysis Venture Capital Analyze Venture Capital Angel Capital Appraisal Venture Capital Arch Venture Capital Argentina Venture Capital Arizona Venture Capital Arkansas Venture Capital Arrowpath Venture Capital Assess Venture Capital Assessment Venture Capital Atlas Venture Capital ATV Venture Capital Aurora Fund Australia Venture Capital Austria Venture Capital Automotive Venture Capital AZ Venture Capital VCgate More Venture Capital Terms and Topics
-
Zerto raises $15 Million in Series B of Funding for Disaster Recovery for Cloud Systems
August 22nd, 2011 No comments
Zerto Inc., the Israeli based developer of the software called Disaster recovery, has recently announced the end of the second round of funding which has brought the company an amount of $15 million. The funding round has been led by US Venture Partners and joined by current investors Greylock Partners and Battery Ventures. The first round of funding has brought the company $7 million.
The company has been founded by Ziv Kedem, the CEO of the company, and his brother, Oded Kedem, the CTO of the company. They have previously worked for the disaster recovery company Kashya, which has been sold in 2006 to EMC Corporation. The director of Zerto, Erez Ofer, has also been involved in the deal with Kashya.
In a recent interview, the CEO of the company, Ziv Kedem, stated the following: “Disaster recovery is something you only want when you really need it.” The company has also produced the Zerto Virtual Replication solution, which is “the industry’s first hypervisor-based replication solution for large enterprises.” This solution comes in handy for large companies in the situations in which they have to protect mission-critical applications as this is a hypervisor-based solution which allows replication to happen within the virtual infrastructure of the data centre instead of the physical storage arrays. It is important to know that the solutions developed by the company are designed for VMware Inc. cloud computing environments.
The solutions offered by Zerto are different from those of Kashya. The later designed a disaster recovery solution which replicated the date existing on the hardware system onto another, which caused companies to continue working in a case of disaster system. On the other hand, Zerto provided solutions which operate at the virtualization level. Kedem stated the following: “The IT market has changed since the acquisition of Kashya. Today, IT departments are based on much more on virtualization.”
This means that the solutions provided by Zerto are based both of technology and business functionality. The company also provides solutions which target service providers and data centres, meaning that they can also provide data replication services to third parties from remote server farms.
Jacques Benkoski, Ph.D., Venture Partner at USVP, stated the following: “With many companies seeking to move their critical applications to virtualized and cloud-based environments, the lack of adequate BC/DR solutions has been a major impediment. We are pleased to be able to invest in an experienced team and a solution that enables the next major wave of virtualization and cloud adoption by Fortune 500 companies.”
For the moment, the company activates in Israeli and in the United States. The firm announced the beginning of sales for this new service developed. The company has, for the moment, 30 employees which activate both in Israeli and in the US.
Leave a reply
Latest Headlines:
Friday August 31, 2012
Zscaler Secures $38 Million Investment Round
Wednesday November 30, 2011
Health Care Solutions companies Infinity Pharmaceutics, NanoVobronix and Selventa raise funds.
Monday November 21, 2011
Panda Power opens $420 Million Fund for Solar and Natural Gas Projects
Thursday November 17, 2011
Better Place raises $200 Million for Electric Cars in the Series C of Funding
Wednesday November 16, 2011
Accel Partners raise $100 Million Big Data Fund to Invest in Hadoop, NoSQL and other Companies
Tuesday November 15, 2011
Skimlinks raises $4.5 Million to help Bloggers Increase their Gains
Monday November 14, 2011
Standing Cloud raises $3 Million to help New Cloud Providers grow Faster
Thursday November 10, 2011
Zillow acquires Diverse Solutions for $7.8 to help Real Estate Agents increase their Visibility