Zettaset raises $3M for large-scale data analytics

Formerly GOTO Metrics, the company gets support from DFJ and Epic Ventures

Zettaset, formerly GOTO Metrics, on Monday announced the close of a $3 million Series A round led by Draper Fisher Jurvetson and Epic Ventures.  Additionally, the company announced its relaunch under the new name Zettaset.

Founded in 2007, the business intelligence company focuses on providing large-scale data analytics services for the enterprise via the open-source platform Hadoop.  The company’s new name, Zettaset, is a play on Zettabyte, which is one million petabytes.  The purpose of the company’s service is to break down vast stores of data from both within the business (DB2, Oracle, PostGRESql, MYSQL, MSSQL, .CSV File) and outside of the business (Twitter, Google Alerts, RSS Feeds) to allow organizations to make future decisions based on actually data analysis rather than an educated guess.

The company’s fully automated and scalable platform works with Hadoop in addition to other high-volume, open-source technologies with weird names, including Hive, Zookeeper, and Pig (pig?).  The result is a flexible solution to harnessing and breaking down data to help businesses spot trends, relationships, similarities, and disparities.  To make the data easier to read, Zettaset offers different data visualization charts, depending on the client’s preference, including bar graphs, line graphs, pie charts, line plots, and scatter plots.

“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 Zettaset CEO Brian Christian. “The expertise, credibility and strength of the DFJ network positions 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.”

In addition to the new funding, Andreas Stavropoulos, managing director of DFJ, and Nick Efstratis, managing director of EPIC Ventures, have joined Zettaset’s board of directors.

“This round of funding will be used to hire more developers and other personnel to ramp up the company’s offerings and fill a unique role within the burgeoning big data industry,” said Christian.