YottaYotta raises $26 million
Sept. 19,2001--YottaYotta, the Yottabyte NetStorage Company, announced it has completed a round of investments totaling $26 million with funds from international players in storage, networking and software infrastructure.
YottaYotta, the Yottabyte NetStorage Company, announced it has completed a round of investments totaling $26 million with funds from international players in storage, networking and software infrastructure. Investors in this round include: Banc of America Securities of Palo Alto, Noble Networks of New York, Bombardier Trust UK of London, Davenport Capital Ventures of Boston, The Grosvenor Funds of Washington D.C., Optical Capital Group of Columbia, Morgan Keegan of Memphis, Desjardins of Quebec City and TechnoCap of Montreal.
YottaYotta has developed NetStorage technology that utilizes massively parallel technology and tight integration with optical networks. This creates a geographically distributed storage resource of enormous scalability that is managed as a single machine and supports anywhere from hundreds to millions of users. YottaYotta's Real Time Disaster Recovery storage system gives enterprises unrivaled availability, protecting against complete site outages as well as multiple component failures.
YottaYotta enhances existing storage infrastructure from firms such as EMC, Hitachi Data Systems (HDS), Compaq, Sun, IBM, Network Appliance, HP, Brocade, McData, QLogic and Dell. YottaYotta's massively parallel distributed systems dramatically reduce the cost of storage management and disaster tolerance.
The name YottaYotta comes from the term yottabyte, which is one trillion terabytes of data. Incorporated in January of 2000, the privately held company has three offices: Seattle, Boulder, CO, and Edmonton, Alberta. For more information, visit www.YottaYotta.com.