fb-pixel

Zerto raises $50M for business data-recovery software

Robert Scoble via Flickr

Zerto, a datacenter software developer with dual headquarters in Boston and Israel, has raised $50 million.

The latest investment brings Zerto's total private fund-raising to $110 million since its founding in 2009. The company last raised $26 million in mid-2014.

Zerto's software helps customers manage and protect data in virtual datacenters, which allow multiple computer systems to share servers. Virtualization software, sold by companies like VMware, allow businesses to run databases, e-mail servers, or a collection of desktop computers on the same server hardware. Companies use Zerto's software to move data among cloud-computing systems and perform backups.

Advertisement



Zerto was founded by brothers Ziv and Oded Kedem, who serve as the company's CEO and CTO.

The Kedems previously founded data protection company Kashya, which EMC purchased in 2006 for $153 million.

The new investment was led by IVP and included  Access Industries. Boston-based Battery Ventures was among several other returning investors in the round.


Curt Woodward can be reached at curt.woodward@globe.com. Follow him on Twitter @curtwoodward.