Cloud Storage Company Zetta Scores Funding
And yet another cloud-related startup has scored a boatload of money.
Zetta Inc. plans to announce on Tuesday that it has raised $11.5 million in a Series B round from existing investors Foundation Capital and Sigma Partners. That is on top of a nearly $11 million Series A round that Zetta closed in August 2008 when the cloud storage services provider was co-founded by four guys, who previously worked at Shutterfly. All four founders are still with Zetta, which boasts about 100 customers, including a well-known Silicon Valley law firm and the UCLA Computer Science Department.
If you’ll recall, the late summer and fall has been a heady time for cloud companies, as we’ve previously reported. Several other startups raised capital, including Aryaka Networks, StorSimple and Cirtas Systems, among others.
Zetta CEO Ali Jenab, who joined the company 30 days ago, says that what’s driving the surge of interest in the cloud is what he calls “the dynamic shift in bandwidth usage,” as more enterprises, both large and small, in addition to a growing number of consumer users, are storing emails and other files in the cloud.
“There’s a data explosion going on, and that’s what’s driving so many startups focused on security and infrastructure,” Jenab says.
Related posts:
- Zetta Raises Series A
- StorSimple Gets $13M, as Cloud Storage Continues to Lure VCs
- Cirtas Systems Closes Series A Round With $10M; Unveils Bluejet Cloud Storage Controllers
- Cloud company Cirtas Emerges from Stealth with $10M from NEA, Lightspeed and Amazon
- Nasuni Raises $8 Million for Cloud Storage Gateway
