Leading enterprise cloud hosting services provider Zetta announced $11.5M in its second round of funding, raising its total funding to a handsome $22.5M. Existing investors Foundation Capital and Sigma Partners have participated, as Zetta is definitely on top of the investors’ minds.
“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”
The investment will be used to expand product development, marketing and sales.
While some of its competitors are still trying to round up their funding, Zetta has already gained its $11.5M, and for a good reason too. The cost efficient service provider combines attractive prices with network-attached on-demand storage which enables instant data recovery – a very hot commodity these days, especially for competitive prices.
Information security is usually the first thing businesses and enterprises are not willing to compromise on, and a few days waiting for recovery can costs up to millions and millions of dollars for some. Zetta’s cloud-based services provide more than just a leap forward in technology, as it also fully justifies its funding all the way above and beyond the investor perspective of the happenings.
A number of similar services are gaining the attention of investors and buyers this year, especially as the big players like EMC, IBM and others look to expand their domain within the cloud industry. Earlier today brought news of new analytics tools from IBM, a strong suit they’re building up rapidly, as well as NetApp. Microsoft is taking a determined partnrship approach to its cloud upgrades, with a lot of focus on optimizing the industry of cloud computing at this point in the game.