US-based cloud migration and disaster recover service provider CloudEndure closed a $7m round on Wednesday featuring IT services firm Infosys, which invested $4m according to the Times of India.
The series B round also included Magma Venture Partners, the venture capital firm that led CloudEndure’s 2013 series A round, which was also backed by angel investors including Zohar Gilon.
CloudEndure’s technology provides businesses with live migration and disaster recovery from any platform across a variety of clouds, helping companies reduce downtime.
The company will use the capital to help meet demand for its enterprise-grade disaster recovery offering by expanding its sales and marketing capabilities.
Jake Klein, vice president of corporate development and ventures for Infosys, said: “Many leading enterprises look to Infosys for guidance and implementation services associated with large-scale infrastructure transformation projects.
“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.”