An Edmonton data-management firm has received a $7.67- million shot in the arm from the federal government.
Yotta Yotta’s latest round of financing for its NetStorager system project now totals $21 million, including the federal funding from Technology Partnerships Canada, a special operating agency of Industry Canada, that was announced last week.
The company said the TPC strategy will be dedicated to high-performance data sharing, management, and protection for the defence, security, aerospace and research sectors.
In announcing the financing news, Yotta Yotta co-founder Wayne Karpoff noted data requirements are soaring by 200 to 400 per cent annually.
The project creates what the company calls the world’s first geographically distributed secure data-management system.
NetStorager enables the consolidation of data management within large data centres across vast geographic areas. It has been deployed in various strategic trials and operations, but is still in the developmental stage.
“Today we can walk into an infrastructure facility and replicate it (the data) across geographic zones. Now we’re going to expand on that technology,” Karpoff said.
The company’s target is to address the requirements of worldwide government and security agencies, which must have continual access to information during emergencies.
In the event of a natural disaster or a terrorist strike that knocks out a key centre housing critical information, Yotta Yotta’s system would allow for that information to be moved in real time to another agency or department site. It would also address security concerns in light of new privacy laws, meaning the data would not be used for inappropriate purposes.
