US-based data recovery technology provider CloudEndure has raised $6m in new funding to boost a series B round co-led by IT services provider Infosys and venture capital firm Magma Venture Partners to $13m.
The second tranche of the round was funded by unnamed global strategic investors. Infosys reportedly provided $4m of the initial $7m when the first tranche was closed in December 2015.
Founded in 2012, CloudEndure supplies cloud migration and disaster recovery software for physical, virtualised and cloud-based applications, meaning businesses can shift data-based applications to and across clouds with no loss of data and almost no downtime.
Ofer Gadish, chief executive of CloudEndure, said: “We are excited to announce this additional investment. It underscores CloudEndure’s technology and product offering and reflects the market traction and momentum we have been experiencing over the past year.
“Most importantly, the additional funding will allow us to continue cementing the success of our existing and future customers and accelerate building out our team.”
CloudEndure has now raised $18.2m overall, with Magma having led its $5.2m series A round in 2013. The company’s other investors include consulting and investment firm Teramips Technologies and Zohar Gilon, managing partner at VC partnership Tamar Ventures.