Product Reports Resources Pricing Login Book a demo
COMPANY PROFILE

YottaYotta

Explore full profile

YottaYotta enables intelligent globally distributed SAN storage solutions

Edmonton, CanadaFounded 2000Storage
Valuation $100–250M Last recorded · 2004
Headcount <100 Current team size
Total funding $50–100M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for YottaYotta and the history behind them.

About YottaYotta

YottaYotta emerged in January 2000 as a privately held company specializing in intelligent, globally distributed storage solutions. With offices established in Edmonton, Alberta, Canada, and Alexandria, Virginia, the firm targeted its services towards governments and Fortune 500 companies. The core of YottaYotta's business was addressing the challenges of information sharing, high availability, and business continuity across large geographic areas.

The company's flagship product was the NetStorager® GSX 2400, a network-based RAID controller. This system's key intellectual property was its ability to use a network, such as InfiniBand or GigE, as its backplane, allowing the controller to be physically distributed across thousands of kilometers. This distributed caching technology was designed to create wide-area network (WAN)-based storage infrastructures that performed as if they were local, overcoming the significant network latency that would typically slow down response times. YottaYotta claimed its solution could provide a 40-fold performance increase compared to traditional data sharing models. The company's business model focused on consolidating data management for top-tier scientific, military, and enterprise clients.

Despite raising approximately $80 million in R&D funding, YottaYotta faced challenges. A pivotal moment in the company's trajectory occurred when it shifted its focus from the broader storage systems market to exclusively marketing its RAID controllers. In 2008, the company shut down its operations. Following the closure, EMC, which had previously invested in YottaYotta for its "Grid Storage" strategic direction, acquired the company's intellectual property and hired a significant portion of its engineering team, including an estimated 40 former employees. The acquisition was seen as a strategic move for EMC to bolster its capabilities in fast data replication and access across dispersed data centers.

Source: Dealroom company data

At a glance

Status
Closed
Founded
2000
Headquarters
Edmonton, Canada
Employees
3
Open positions
None listed
Dealroom signal
0.0/100
Sector
Storage, Sharing Economy, Platform
Client focus
b2b

Funding history

4 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
LATE VCOther financing Mar 2004 $21M $84M Bank of America · Optical Capital Group · TechnoCap · Government of Canada —
SERIES COther financing Sep 2001 $26M $104M Banc of America Securities —
Showing the latest 2 of 4 recorded eventsBook a demo for the full funding history →

Growth signals

YottaYotta team growth

YottaYotta's team declined 50% over the past year.

1-year team growth-50%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

Company identity and context are open; selected comparison metrics preview what is available on the platform.

Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

7 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A2 investors entered at this stage

  • TechnoCap
  • Grosvenor Venture Partners

Series B and later5 investors entered at this stage

  • Banc of America Securities
  • Bank of America
  • Optical Capital Group
  • Government of Canada
  • Desjardins Capital
Employees 3 total headcount
Founders Hidden — book a demo/100 quality score
Key operators Hidden — book a demo quality score
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇨🇦 Canada · Edmonton HQ
Book a demo for the full country breakdown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about YottaYotta on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

See YottaYotta’s full profile on Dealroom

Request a free trial to see the complete deal history, financials, people graph and growth signals.

Takes under a minute. Already use Dealroom? Log in.