CloudEndure, a provider of live cloud migration and disaster recovery solutions, has closed a round of funding in the amount of $7 million. Infosys, an information technology services provider working with the world’s leading enterprises, co-led the round, along with previous investor, Magma Venture Partners. The new capital would enable CloudEndure to scale its sales and marketing operations to meet increasing demand for its enterprise-grade Disaster Recovery (DR) solution.
Market demand would continue to grow for a new generation of DR solutions that can reap the benefits of the cloud and replace legacy-based DR solutions. According to leading research firms, by 2020, 90% of disaster recovery operations will run in the cloud.
CloudEndure would help companies solve the problem of downtime without the on-going high costs typically associated with traditional DR approaches. The company “uniquely” offers live migration and disaster recovery from any platform into and across clouds.
Founded in 2012, CloudEndure’s Cloud Workload Mobility technology would create an exact copy of the entire application at an alternative cloud location – at the touch of a button, within minutes, and with the latest data. The company supports physical, virtualized or cloud-based applications as the source and Amazon Web Services (AWS Cloud), Google Cloud Platform, Microsoft Azure and OpenStack as target cloud locations.
“We are excited to announce this investment and validation from Infosys and our existing investors,” said Ofer Gadish, CEO of CloudEndure. “This new capital will enable us to scale our efforts to meet increased demand from enterprise companies seeking a new generation of DR solutions. We’ll also continue to innovate and extend our solution to meet the dynamic needs of our growing customer base.”
2015 was a year of significant growth, with CloudEndure adding Fortune 1,000 companies, and expanding its sales channel with over 70 partners worldwide.
“Many leading enterprises look to Infosys for guidance and implementation services associated with large-scale infrastructure transformation projects,” said Jake Klein, Vice President of Corporate Development & Ventures, at Infosys. “We are excited by CloudEndure’s enterprise grade cloud migration and disaster recovery solution, which has been built from the ground up for a multi-cloud world. We believe this will provide enterprises a way to improve operational agility at lower cost.”