Israeli Data Recovery Startup Zerto Raises $50M

January 14 2016| Israeli data recovery startup Zerto has raised $50 million in a Series E round led by US fund IVP. The round also included participation from all current investors: 83North, Battery Ventures, Harmony Partners, RTP Ventures, U.S. Venture Partners and Mark Leslie who also serves on Zerto’s Board of Directors. When the current round is completed, Zerto will have raised more than $110 million, enabling the company to expand its already 2,200-strong customer base and continue its growth in revenue (the company has annual revenue growth of over 100% for the past four years). Founded by brothers Ziv Kedem (CEO) and Oded Kedem (CTO) in 2009, Zerto has developed a solution for data recovery and migration for enterprises. The Kedems previously founded data protection company Kashya, which EMC purchased in 2006 for $153 million.