Zettaset Announces New Funding, Strategic Investors On 1/16
Closes $10 million Series B financing round led by HighBar Partners
MOUNTAIN VIEW, CA – Jan 16, 2013 – Zettaset, the leader in secure Big Data management, announced today that it has closed a $10 million Series B financing round led by HighBar Partners, with additional participation from strategic investor Brocade and Series A investors DFJ and Epic Ventures. John Kim and Roy Thiele-Sardina, managing partners at HighBar Partners, will join Zettaset's board of directors. The new funding will be used to further research and development as well as expand sales and marketing to meet increasing demandfrom enterprise customers.
"Enterprises of all sizes are demanding robust and secure turn-key solutions for their production, mission-critical environments," said Zettaset President and CEO Jim Vogt. "Zettaset is the only vendor providing a comprehensive, software-only solution for cluster management that can be deployed across a wide variety of operating systems, Hadoop distributions, and file systems, transparently integrating Big Data into existing environments. This funding enables us to further serve our enterprise base and more effectively address this exploding market opportunity."
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Zettaset Orchestrator is a distribution-agnostic management platform that uses software to automate,secure, and accelerate Hadoop deployments, eliminating the reliance on professional services. With Zettaset Orchestrator, IT teams reduce Hadoop deployment costs, and business units achieve faster time to value is the only enterprise-ready management platform for securing and managing any Apache Hadoop-based Big Data distribution.
"Zettaset has focused on what the enterprise needs most when it comes to Big Data - security, reliability and ease of use," said John Kim, Managing Partner at HighBar Partners. "Big Data is poised to be a multi-billion dollar market in just a few years, yet the current technologies have failed to adequately address these fundamental challenges. Zettaset is well-positioned to become the Big Data management platform of choice for businesses of any size."
"One of Zettaset's key differentiators is itsdistribution-agnostic approach," said Dave Stevens, CTO and VP of Corporate Development, at Brocade. "It's the only Big Data management solution that can be used in hybrid Hadoop environments to enable migration or expansion of Big Data deployments regardless of the distribution. This means that companies no longer need to feel locked into any single Hadoop technology, providing incredible value to enterprise customers."
Zettaset is a software company that delivers an enterprise-ready and hardened Hadoop management solution designed for organizations that need a more automated, efficient, and reliable way to structure and manage Big Data. Zettaset Orchestrator&trade is scalable, secure, and resilient, and can be used to manage any Apache-basedHadoop distribution. Unlike other Big Data approaches which are costly and require significant development time and resources to implement, Orchestrator is easy to deploy, enabling faster time to value while dramatically lowering total cost of ownership by eliminating dependencies on professional services.