Venture Capital
<section> <div> <div> <div> <p itemprop="articleBody">Zetta Venture Partners - the first fund focused on intelligent enterprise software - closed its second fund of&nbsp;$100 million, bringing total assets under management to&nbsp;$160 million.</p> <p itemprop="articleBody">Intelligent enterprise software computes huge volumes - one day, zettabytes - of data then learns from this data to analyze, predict and prescribe outcomes. Just as all industries came to run on software, software in every industry will become intelligent.</p> </div> </div> </div> </section> <section> <div> <div> <p itemprop="articleBody">&quot;Information technology is shifting from the workflow applications of the cloud computing era to those that help customers make decisions,&quot; said Ash Fontana, Managing Director at Zetta. &quot;The source of competitive advantage is no longer just code; it&#39;s about proprietary data plus self-learning code.&quot;</p> <p itemprop="articleBody">Zetta Venture Partners formed in 2013 and since partnered with 16 early stage companies, typically as the first institutional investor. Those companies include Domo and InsideSales.com - both in the&nbsp;<a data-include="300338889" href="http://www.forbes.com/sites/alexkonrad/2016/09/07/the-cloud-100-the-next-leaders-in-cloud-computing/#." rel="nofollow" target="_blank">2016 Forbes Cloud 100</a>&nbsp;- and Bebop, a company acquired by Google in 2015. All Zetta companies earned over&nbsp;$1 million&nbsp;of annualized revenue within one year of being funded. Zetta plans to partner with 20 more companies in this second fund.</p> </div> </div> </section>