Zetta, a Sunnyvale, Calif. company that plans to offer remote storage for companies, has raised $10.68 million in a first round of funding.

The company is not yet public and has released little information on its plans. However, the funding is slated both for development and marketing purposes, which suggests that it plans to launch relatively soon. A “zetta”, by the way, is a metric prefix for 1021.

Foundation Capital and Sigma Partners led the round.

VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Learn more about membership.