Zerto Closes $13 Million Series C

Zerto, Inc., 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, MD of RTP Ventures, will join the company’s board of directors.

Zerto’s solution provides enterprises with data replication and recovery designed for virtualized infrastructures and the cloud.

The financing caps an exceptional 2012, during which Zerto reached several milestones, including:

• Continued growth in the number of enterprise customers using Zerto – and the addition of finance, healthcare and retail customers including Univita Health, University of Louisville Physicians, SGS, Kingfisher IT Services and others.
• The expansion of the Zerto cloud DR Ecosystem (ZCE). Zerto has expanded the ZCE from 33 to more than 100 cloud providers who are revolutionizing DR by using Zerto Virtual Replication to power their cloud DR offerings, enabling businesses of all sizes to 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 DR solution to all virtualized workloads at the VM-level, extending the Software Defined Data Center vision to BC/DR (BC/DR). ZVR 3.0 widens the company’s technological lead in simple, automated BC/DR for both enterprise customers and cloud service providers.

With this additional investment, Zerto will further accelerate its go-to-market strategy for its hypervisor-based replication solution for enterprises and cloud service providers. It will also continue to expand its development and cloud product teams, as well as its sales and marketing operations, to serve its 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 Bicer. "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 DR, 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."