$25 Million Investment Round for Zadara

Zadara Storage, Inc., provider of zero-risk enterprise cloud storage, signed a $25 million funding round led by IGP Capital (Israel Growth Partners) with participation from existing investors.

The closing of the investment round is conditioned upon the approval of the general meeting of Zadara.

This brings the total equity raised to over $60 million.

Zadara plans to use the investment primarily to accelerate growth, including expanding its worldwide sales, dev-ops and engineering teams as well as its service provider partner channel. In addition, the funds will help the company develop its service offering, which focuses on eliminating the technical, operational, and financial risks associated with enterprise storage and management.

Zadara uses a combination of industry-standard hardware and patented software to deliver enterprise storage and management – with the convenience of the cloud. Customers have flexibility of choice when it comes to their installations as the firm supports all protocols, data types and locations. In addition, thanks to the company’s usage-based pricing model, customers pay for the storage they consume, meaning they can scale their capacity up and down as needs change. Zadara is available via public clouds, including AWS, Google Cloud Platform and Azure, MSPs, data centers, colocation partners, and on premises in customers’ data centers.

“Zadara is dedicated to delivering zero-risk enterprise cloud storage. The new funding supports our mission by helping us to provide customers with industry-leading enterprise storage solutions – like our upcoming all-flash arrays with data compression and deduplication – as a fully-managed service, with a 100%-uptime guarantee and consumption-based pricing,” said Nelson Nahum, CEO and co-founder, Zadara.

“We have been impressed with Zadara’s founding team and its proven track record of building innovative, scalable businesses in the storage market over the past two decades. Zadara’s consumption-based storage platform offers enterprises the best of both worlds – cloud economics and flexibility, combined with local storage performance and control. Zadara’s customers and partners have been extremely passionate about its technology and value proposition and we’re excited to support the company in their journey,” commented Moshe Lichtman, co-founder and general partner, IGP Capital.