HQ: Mountain View, Calif.
CEO: Tony Gauda
New Funding: $7 million
Backers: Pelion Venture Partners, Horizons Ventures, Andreessen Horowitz, First Round Capital, CrunchFund, Samsung Ventures
Bitcasa has entered the cloud storage fray with an offering that promises unlimited storage capacity for $10 a month. The major difference between Bitcasa and rival cloud storage vendors like Dropbox, Mozy and Box.net, according to Bitcasa's executives, is that Bitcasa's cloud is intended to serve as primary storage, not as a backup option for data sitting on client devices. Data is encrypted before being uploaded to the Bitcasa cloud.