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Zetta, Inc. Secures $10.68 Million in Series A Funding
September 12th, 2008 No comments
SUNNYVALE, Calif. Zetta, a provider of cloud storage solutions for enterprises, today announced that it has closed a $10.68 million Series A financing round led by venture capital firms Sigma Partners and Foundation Capital. Zetta plans to use the funding to expand product development, marketing and operations.
Zetta was founded by industry veterans Lou Montulli, Jeff Whitehead, Jason Harrison and Jeff Treuhaft. Backed by decades of distributed systems technology and services experience, Zetta is advancing the state of the art for enterprise storage by delivering feature rich solutions for IT administrators without the costs, complexities and risks associated with traditional storage software and hardware solutions.
“We are very excited to have Sigma Partners and Foundation Capital as our lead investors,” said Jeff Treuhaft, Zetta CEO. “We are bringing unique innovations to the enterprise storage market and the experience and success of our investors at EqualLogic and VMware will prove invaluable as we continue to accelerate our company.”
About Sigma Partners
Founded in 1984, Sigma Partners is a leading early-stage venture capital firm. The Sigma team uses their deep operational experience to provide entrepreneurs with practical strategic counsel through every phase of company growth. With over $1.5 billion under management and bicoastal offices, Sigma invests in innovative technology startups across the United States. For more information, visit www.sigmapartners.com.
About Foundation Capital
Founded in 1995, Foundation Capital is a venture capital firm committed to supporting entrepreneurs and their companies, targeting innovative opportunities in telecommunications and networking; Internet infrastructure; and enterprise software and on demand services. Foundation Capital funds total more than $1.6 billion. For more information, visit: www.foundationcapital.com.
About Zetta, Inc.
Founded in 2007 by industry veterans, Zetta is a privately held company headquartered in Silicon Valley. Zetta delivers storage solutions to enterprises that increase productivity, data availability and data protection while reducing the costs, complexities and risks of traditional storage hardware and software solutions. For more information, visit www.zetta.net.
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