Parascale Secures $11.37 Million in Series A Funding
Parascale has closed a $11.37 million Series A financing round led by venture capital firms Charles River Ventures and Menlo Ventures. Parascale plans to use the funding for product development and marketing initiatives in preparation for the launch of Parascale Cloud Storage (PCS), an application that aggregates disk storage on multiple standard Linux servers providing one highly scalable storage cloud, accessible via standard file access protocols.
Parascale was founded on the premise that advances in computer hardware over the past 10 years make it possible for file storage, management, and distribution solutions to be more reliable, easier to manage, and less expensive to purchase and operate than ever before. Adopting the best technologies available, Parascale has developed a new class of storage solutions designed to support the wave of content-intensive applications, including video-on-demand, digital document archiving, scientific data analysis, video surveillance and medical image remote diagnosis among others. The company's PCS software is patented technology which automatically and transparently migrates and replicates files among storage nodes to balance and optimize performance – without interruption in client access.
write your comments about the article :: © 2008 Networking News :: home page