Jun 21, 2020 | News | Jerusalem & Area

Israeli data recovery co Zerto raises $53m

Israeli data recovery company Zerto today announced that it has raised $33m in equity financing and up to $20m in additional venture debt under an existing credit facility. The round was supported by existing investors Access Industries via Claltech, 83North, Battery Ventures, Harmony Partners, IVP, RTP Ventures, and U.S. Venture Partners and new investor, Poalim Capital Markets, the investment arm of Bank Hapoalim, and Zerto’s venture debt provider, Kreos Capital.

The latest financing strengthens Zerto's financial position and supports its future innovation. Zerto recently unveiled plans to extend its IT Resilience Platform to support next generation, cloud native applications. providing disaster recovery, data protection, and mobility in a single, simple, scalable platform for on-premises, cloud, and now next-gen applications.