YottaYotta Raises $21 Million

YottaYotta, the High Performance NetStorage Company, announced that it has completed an impressive round of financing totaling $21 million. The $21 million includes over $13 million in investments from TechnoCap Inc., which led the round, Pryces (Barbados) Ltd., Regime des rentes du Mouvement des Caisses Desjardins, Bombardier Trust UK, Optical Capital Group LLC, Grosvenor Venture Partners III LP and Bank of America Investment Corporation. The $21 million also includes a strategic investment of $7.67 million from Technology Partnerships Canada (TPC), aspecial operating agency of Industry Canada. "YottaYotta's unique ability to provide data sharing and high availability across geography has inspired the confidence reflected in this current round of financing," said Richard Prytula, President and CEO of TechnoCap. "This new round includes venture capital and institutional investors from Canada, the United States and Europe." Commenting today on the new financial support, Bart Shigemura, YottaYotta's President and CEO, said, "These funds will be used to leverage our technical leadership position and accelerate our market deployment. By consolidating storage management tasks, enabling global data sharing, and ensuring 24x7 operations, our products are well positioned to meet the data access and protection requirements of Governments and the Fortune 500." The TPC strategic investment will be dedicated to high performance data sharing, management, and protection for the defence, security, aerospace and research sectors. The technology architecture will offer multi-site data collaboration, operational continuity, and real-time disaster recovery.