November 9, 2010 – SUNNYVALE, Calif. Enterprise cloud storage service provider Zetta announced today that it has raised $11.5 million in its second round of funding, bringing the total funding to $22.5 million. Both existing investors Foundation Capital and Sigma Partners participated. Funds from this new investment will be used to expand sales and marketing and to further product development.
“We are looking forward to the company's expansion in new markets and we are pleased to contribute to its success,” said Greg Gretsch, managing director at Sigma Partners. “Solving data protection problems with a cloud-based solution is the answer to many organizations' backup cost and complexity issues. Zetta provides immediate offsite data protection for enterprise data with an instant restore capability addressing both backup and disaster recovery.”
“Zetta's growing customer list and rapid footprint growth were instrumental to our decision,” said Ashmeet Sidana, general partner at Foundation Capital. “We have been a Zetta investor from the beginning and we are glad to witness the rapid customer adoption that the company had seen this past year.”
“The commitment of our initial investors shows the potential they see in Zetta and the fact that we are on the right track, with the right cloud storage solutions, targeting the right customers,” said Ali Jenab, Zetta CEO. “I am looking forward to taking Zetta to the next growth phase. Our sales team has a strong pipeline to work with in the upcoming months. Watch us for more exciting announcements.”
About the Zetta Storage Service
The Zetta Storage Service is compatible with existing on-premise storage systems and integrates with existing IT workflows. It delivers better data availability, integrity, security protections than the most expensive on-premise enterprise storage systems on the market today. Zetta's enterprise-class architecture guarantees availability and integrity even in the event of multiple complete node failure from any cause, whether network, power supply, memory, or disk failure. Enterprise customers from a variety of industries such as legal services, education, business services, financial services, media and entertainment, as well as software and technology are using the Zetta Storage Service for on-demand data protection and online archiving.
Zetta Inc. is a leading provider of enterprise cloud storage services. With headquarters in Sunnyvale, Calif., Zetta was established in 2007 by successful serial entrepreneurs and technology executives from companies such as Netscape, VeriSign, Symantec, EMC, and Shutterfly. The company is backed by Sigma Partners, Foundation Capital, and its founders. For more information, please visit www.zetta.net.