Monday, May 9, 2005

Zetera Raises $13.5 Million for Storage Innovations

Zetera, a start-up based in Irvine, California, raised $13.5 million in Series "A" financing for new storage technology "that enables storage solution manufacturers to deliver high performance and reliability at unprecedented low cost." The funding was led by Warburg Pincus and included current investor WI Harper.

Zetera's network storage design eliminates the need for costly controllers, gateways and RAID controllers. The company said its The technology uses IP multicast to achieve sharing, spanning and RAID without specialized hardware while scaling linearly without the need for additional controllers/aggregators.

NETGEAR, StorCase, and Bell Microproducts all have announced Zetera-based network storage products, slated to ship in the summer of 2005.

"The digital revolution is creating massive demand for high-speed network storage in the home," said Patrick Lo, chairman and CEO of NETGEAR. "Zetera has assembled the right combination of technology and strategic allies to capitalize on the opportunity."

  • Zetera's technical team is headed by Bill Frank, who formerly served as CTO of Western Digital and is the inventor of IDE (Integrated Drive Electronics), a storage element found in billions of disk drives.

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