Zetta.net Increases Total Financial Funding to $39.5 Million

Zetta.net announced the availability of DataProtect 4.0, an enterprise cloud backup and DR solution for SMEs, remote/branch offices, and MSPs.

In addition, the company has achieved momentum with a customer base that increased year-over-year by 243%, and series B funding of $8 million for continued expansion and growth.

DataProtect delivers 3-in-1 enterprise-grade data protection that includes local software, cloud backup, archiving and DR functionality. Unlike other solutions, it is cloud-native, designed for the Internet with built-in WAN traffic optimization and 10 patent-pending cloud performance acceleration technologies. The result is fast speed that is often faster than local backup. Coupled with enterprise data centers and security levels, Zetta.net delivers a performing, appliance-free solution that is being adopted by organizations looking to replace older, complex backup systems with an easy-to-deploy and cost-effective alternative.

New features of DataProtect 4.0 include:

• WAN Traffic Optimization – 200% faster than Zetta.net DataProtect 3.0, and 396% faster backup speed than performance-tested competitors; this enables users to backup in minutes versus hours, or even days, and recover multiple terabytes of data within a 24-hour period.
• Local Backup Functionality for All Data Sets – users can recover larger or more critical data faster with the ability to keep it locally on any existing storage device.
• Redesigned User Interface – delivers ease of use, both locally at the server and in the cloud; configuration wizards automate and simplify server backup jobs, with built-in server type-specific backup configuration checklists.
• Enhanced Exchange Server Backup Plug-in – now includes support for a range of complex Exchange server configurations.

DataProtect 4.0 is available, starting at $225 per month. This includes unlimited backup and recovery software, 500GB of enterprise-grade secure cloud storage, 24×7 unlimited U.S.-based engineer-level support and monitoring, and all maintenance, updates and upgrades.

Zetta.net has secured $8 million in series B funding, led by Industry Ventures LLC, with the participation of existing investors Foundation Capital and Sigma Partners.

The company will continue to invest in research and product development to maintain its lead in cloud-native backup and DR technology. It will also build on Zetta.net’s growing MSP and channel program, and expand its sales and marketing efforts. The additional $8 million brings the company’s total backing to $39.5 million.

"The adoption of cloud backup has typically been held back by such barriers as ineffective Web performance or security concerns," said Ken Wallace, MD, Industry Ventures. "Zetta.net virtually eliminates these barriers with an elegant solution that offers enterprise-grade performance, security and reliability, marking a true coming-of-age for cloud backup. Zetta.net and its native cloud approach is well ahead of the curve, with its roots in the optimization of Internet-based communications and speed of data transfer."

"There is no better proof of success than that demonstrated by customer growth," said Greg Gretsch, MD, Sigma West. "Zetta.net continues to impress with its rapid rate of both customer adoption and retention, meaning it is effectively addressing the market’s need for affordable, enterprise-grade cloud backup and DR."

"With millions of files increasing exponentially, growing data sets, and distributed business environments, old-school backup technologies like tape, software, appliances and consumer-grade clouds are increasingly struggling to keep up with backup requirements and can pose management nightmares," said Ashmeet Sidana, general partner, Foundation Capital. "Zetta.net’s solution delivers a very effective alternative to traditional, often cumbersome backup systems at an affordable price that makes enterprise-grade backup and DR accessible to any size company."

"The significant customer growth we have achieved, combined with our Series B funding, is a testament to the value Zetta.net is bringing to market as well as the positive direction that cloud backup is headed," said Ali Jenab, CEO, Zetta.net. "We’re very pleased to partner with Industry Ventures, along with our existing partners Foundation Capital and Sigma, as we bolster our research and development, channel, marketing and sales initiatives to scale Zetta.net up to the next stage of growth. We’re committed to continued innovation as we build on our enterprise-grade backup and DR solution for SMEs, remote and branch offices, and MSPs."