Zeetta networks its way to $1.8m

Zeetta Networks, a Bristol University computer networking spinout, has raised £1.25m ($1.8m) from commercialisation firm IP Group and internet of things accelerator Breed Reply.

Zeetta’s technology enables plug-and-play management of connected devices, making it possible to set up on-the-fly networks that are fully isolated or interconnected. These networks can be used as a way to distribute data such as ultra high-definition video.

The funding will go towards accelerated growth and recruitment of commercial and technical staff.

Zeetta is currently a virtual member of the Bristol Setsquared, a business accelerator that supports high-tech startups and is a part of the Setsquared network. The company plans to take up residence at the centre as soon as it can.

Vassilis Seferidis, chief executive of Zeetta Networks, said: “The Research and Enterprise Development team at the University of Bristol and Setsquared have been reliable partners throughout our journey. They have provided Zeetta with guidance and practical advice and – in the case of Setsquared – a friendly and conducive community environment to test ideas and prepare our company for the investment.”