Sunday, June 22, 2008

Parascale Secures $11.37 Million for Cloud Storage

Parascale, a start-up based in Cupertino, California, closed an $11.37 million Series A financing round for its cloud storage solutions for rich media content.

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 Parascale Cloud Storage (PCS) is an application that aggregates disk storage on multiple standard Linux servers providing one highly scalable storage cloud, accessible via standard file access protocols. The PCS software automatically and transparently migrates and replicates files among storage nodes to balance and optimize performance -- without interruption in client access.

The funding was 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 its solution.

  • Earlier this month, Parascale announced the appointment of Sajai Krishnan as CEO. Krishnan comes to Parascale from NetApp, where he served five years. He was most recently the general manager of the company's StoreVault business unit that focuses on network storage appliances for mid-market businesses. Krishnan also served as the general manager of NetApp's Storage Management Software business, overseeing the company's core management products.

  • Parascale was founded by Cameron Bahar, who previous led the design, deployment, and operation of Scale8's one-thousand server distributed Internet storage service, which provided storage for digital content owners including MSN and Viacom/MTV. At the HP Enterprise Systems Technology Lab, he developed system software for disk volume management, data security, and grid provisioning.