Mountain View-based GOTO Metrics announced today that it has closed a $3 million series A funding round. The round was led by Draper Fisher Jurvetson and EPIC Ventures. DFJ Managing Director Andreas Stavropoulos and Nick Efstratis, managing director of EPIC Ventures, will both be joining Zettaset’s board of directors as part of the new round. The infusion of capital will be used to grow the team and expand the startup’s existing feature set.
The company is also announcing today a rebranding and name-change, in which the company will now be known as “Zettaset”. The name change was made, according to the team, to better reflect the company’s modus operandi, as Zettaset provides data analytics tools for enterprises and those looking to better understand those huge swaths of data. A “zettabyte”, for those unfamiliar, consists of more than a million petabytes — in other words, a whole lot of data.
Zettaset’s database management solution is essentially a mine-able enterprise-level software platform, which aims to give small and medium-sized businesses the reins to control (and analyze) the massive amounts of data that are becoming increasingly prevalent in today’s wide, webby world. The patent-pending technology behind Zettaset’s solution is built on opensource technology that operates via Hadoop, Hive, Pig, and Zookeeper. And, what’s more, it’s fully-automated, so users don’t have to spend time worrying over nuts and bolts.
Said another way, this means that users can aggregate, organize, and analyze those huge sets of data collected in a business’ day-to-day activity, including petabyte-level analysis. Zettaset also offers its users a simple licensing model that facilitates scaling and provision, without having to build and maintain the type of on-site infrastructure that would allow big-data analysis.
Zettaset’s strong point is its affordability (pricing depends on the size of the business) and the fact that it doesn’t put a limitation on the number of users that have access to the solution, enabling businesses to focus on how to utilize the data and analytics, rather than how to manage it. The solution has also been tailored to provide a level of redundancy that allows its systems to continue working in the event of hardware or software kerfuffles.
Businesses can also add a number of servers to increase storage without hampering daily operation and supports a number of programming languages, from C++, Jave, and Python to Smalltalk and OCaml, all available through Zettaset’s API.