Bitcasa Attracts Samsung Ventues Investment
Bitcasa, developer of cloud storage promising unlimited capacity for $10 per month, in June unveiled a $7 million funding round, including a strategic investment by Samsung Ventures.
Bitcasa's initial target market is the consumer public cloud storage, file share, and mobile device data sync market.
Unlike most cloud storage offerings where the focus is on either backing up client device data or on offering file sharing or device data synchronization, Bitcasa's cloud serves as primary storage, making it an alternative to internal or external hard drives. Its technology encrypts and dedupes data on the client side before it is uploaded to the cloud, where only a single copy of duplicate blocks of data is stored.