MOUNTAIN VIEW, Calif.--(EON: Enhanced Online News)--GOTO Metrics today announced that it has closed a $3 million funding round – co-led by Draper Fisher Jurvetson (DFJ) and EPIC Ventures – and the re-launch of the company under the name Zettaset. The company enables massive data analytics for the enterprise via Hadoop, the open-source platform that provides reliable, scalable, distributed computing.
“Zettaset, an audacious name that alludes to a number greater than the current cumulative annual global IP traffic, is entirely fitting for the GOTO Metrics team”
The company’s new name, Zettaset, reflects the massive, data-intensive activity that characterizes the current and emerging business environment. A zettabyte consists of more than a million petabytes.
“We believe we are on the cusp of a golden era for data management, which makes this infusion of capital from DFJ and EPIC extremely timely and strategic,” said Brian Christian, co-founder and CEO of Zettaset. “The expertise, credibility and strength of these two firms position us at the forefront of an industry-transformative wave. In concert with our unique, best-in-class data management and analysis solutions, their influence enables us to create unprecedented value for existing and prospective clients by providing entirely new ways of capturing, analyzing and utilizing data. Companies will be able to benefit from the precision of analytics, rather than being forced to rely on imprecise intuition.”
The Zettaset solution is a massive, minable enterprise-level software platform designed to drive the big data analysis that is growing increasingly prevalent at every level, and even among data-driven small- and medium-size organizations. The patent-pending Zettaset software solution is built on high-volume open-source technologies such as Hadoop, Hive, Pig and Zookeeper. It is fully automated to enable users of all sizes to aggregate, organize and analyze data sets on an unprecedented scale – including petabyte-level analysis.
In addition, Zettaset’s simple licensing model enables users to scale and provision as needed without incurring the expense and difficulty of building and maintaining the complex infrastructure needed to manage big-data analysis. The company offers the industry’s most affordable enterprise data management solution with no limitation on the number of users. This enables companies to focus their capital and human resources on their core competencies, including strategic organization, analysis and utilization of the data.
DFJ is one of the world’s most prominent venture firms and was a major investor in such iconic brands as Hotmail (acquired by Microsoft), Skype (acquired by eBay) and Overture (acquired by Yahoo!); its global network of partner firms has an aggregate $7 billion under management and has made more than 600 investments on the Asian, European, North and South American continents. EPIC Ventures has a string of notable successes, including DivX (a public company), O’Currance (acquired by Riverlake Partners), Mozy (acquired by EMC Software), Ancestry.com (acquired by Spectrum Equity), LeftHand Networks (acquired by HP) and Everdream (acquired by Dell).
In connection with the funding round, Andreas Stavropoulos, managing director of DFJ, and Nick Efstratis, managing director of EPIC Ventures, have joined the company’s board of directors. The addition of these new board members buttresses what is already a strong, experienced leadership team at Zettaset. Christian is a leading global security expert, holding prominent positions at Lucent, Security First Technologies and Internet Security Systems, before helping drive SPI Dynamics to a successful acquisition by HP in 2007. Chief Technology Officer and Co-Founder Michael Dalton, primary architect of the company’s innovative software platform, holds a Ph.D. with an emphasis in computer security and computer architecture from Stanford University. Dalton has published and presented numerous influential scientific papers in the United States and abroad.
“Zettaset, an audacious name that alludes to a number greater than the current cumulative annual global IP traffic, is entirely fitting for the GOTO Metrics team,” said Stavropoulos. “This talented group has consistently set and exceeded lofty performance objectives. I have no doubt that Zettaset will make a tremendous difference in the business intelligence and analytics markets, for SMBs and enterprises alike. Zettaset is built for leadership in the zettabyte era.”
“We are tremendous believers in Zettaset and the mark they will leave now and in the future,” said Efstratis. “Not every company can be a game changer in a globally strategic industry. This one can, and will.”