Kedem, co- founder and CEO of the Israel and Boston-based data management software provider has raised now $60 million in funding for the company he founded in 2009.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at firstname.lastname@example.org.
Ziv Kedem co- founder and CEO of the Israel and Boston-based data management software provider Zerto has announced that he has raised an additional $26 million in a Series D funding.
Among those participating in the latest round of funding are virgin investor Harmony Partners who led the financing, with the rest of the participation coming from Zerto’s impressive list of current investors, among them Battery Ventures, Greylock IL, RTP Ventures and U.S. Venture Partners
According to Kedem the latest capital injection will be utilized to fund increased international expansion as well as increase the Zerto workforce by 100% from its current 130 based in the company’s offices in Boston and Herzliya, Israel within the next two years.
Zero have also recently opened offices in the U.K. and in Australia, and intend to increase their global footprint within the next few years.
Any company owner or manager who has ever experienced the disaster of losing data and the tremendous frustration and expense of trying to recover it will tell you that it can be a totally harrowing experience. Founded by a team of expert veterans in the field of data storage recovery, Zerto provides larger companies with the peace of mind of knowing that their business continuity and disaster recovery solutions are being taken care of, thanks to individualized solutions designed to show both virtualized infrastructure as well as cloud-based solutions.
Zerto is well known in the data protection industry for the software which provides enterprise-class business continuity and disaster recovery (BCDR) solutions for both virtualized infrastructures as well as in a cloud seeding, currently boasting a client base numbering 500 enterprise customers and 100 managed cloud service providers, amongst them Colt, KPN and Terremark.
Before entering into the field of commerce Ziv Kedem, served in the Intelligence Corps of the Israel Defence Forces (IDF), where he gained valuable experience in the fields of mathematics, algorithms and signal processing.
Prior to founding Zerto, Kedem was the co-founder of Kashya Inc., now trading as EMC RecoverPoint, where he served as their Chief Technology Officer and developed what was regarded at that time as the industry’s most widely used storage replication solution for disaster recovery.