Israel-based business continuity software company Zerto has raised US$26m in Series D financing with new investor Harmony Partners leading the funding round.
Zerto’s current investors include Battery Ventures, Greylock IL, RTP Venture and US Venture Partners, all which participated in this most recent round of funding.
The recent cash injection brings Zerto’s total financing to more than $60m.
The company said this gives it the ability to expand its global footprint, maintain long-term independence and focus efforts on R&D around its recently launched Cloud Fabric initiative for workload mobility in hybrid clouds.
More than 500 enterprise customers and 100 managed cloud service providers including Terremark, KPN and Colt offer cloud disaster recovery powered by Zerto.
The company said it has built a strong base to aggressively corner the market for virtualized disaster recovery services.
Last month Zerto announced its Cloud Fabric strategy and roadmap which shows how Zerto plans the movement, management and protection of production workloads in the hybrid cloud.
Zerto’s co-founder and CEO Ziv Kedem said as the market is moving towards a software-defined everything the company is offering “crucial” building blocks towards the software-defined data center.
“With our platform, companies can port their data to any cloud, on any hypervisor. Our Cloud Fabric vision is a huge leap forward for IT, and shows we’re continuing to innovate and stay ahead of the market,” Kedem said.