Zetta raises over $10 million for cloud storage
Zetta, a Sunnyvale, Calif. company that plans to offer remote storage for companies, has raised $10.68 million in a first round of funding.
The company is not yet public and has released little information on its plans. However, the funding is slated both for development and marketing purposes, which suggests that it plans to launch relatively soon. A “zetta”, by the way, is a metric prefix for 1021.
Foundation Capital and Sigma Partners led the round.
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.