Zerto has secured an additional USD20 million in Series E1 financing led by CRV, with existing investors also participating in the latest round, the company said.
Existing investors include: Access Industries via its Israeli entity – Claltech, 83North, Battery Ventures, Harmony Partners, IVP, RTP Ventures, and US Venture Partners.
The financing will be used to maintain the company´s sales growth with further expansion in international regions and industries, as well as product development.
The USD20 million financing is in addition to the USD50 million growth financing led by IVP in early January 2016, bringing Zerto´s total Series E financing to USD70 million. To date, the company has raised USD130 million in financing.
Zerto provides protection, recovery and migration of data in cloud and virtualized data centers.