Cloud storage is getting a lot more feasible for the enterprise.ParaScale, a start-up that develops cloud-storage solutions, announced Monday the availability of its ParaScale Cloud Storage (PCS) software. The software, once installed on any standard Linux platform, enables the server to be linked with others to act as one massive file repository that offers high parallel throughput. … Read more
Parascale said Monday that it raised $11.37 million in Series A venture funding from Charles River Ventures and Menlo Ventures, the latest in a string of cloud computing investments.
The Cupertino, Calif.-based Parascale, which provides storage in a networking "cloud" for digital content providers, said it plans to use the money to develop and market its upcoming Parascale Cloud Storage (PCS). PCS is an application that "aggregates disk storage on multiple standard Linux servers providing one highly scalable storage cloud," according to the company.
Charles River partner Bruce Sachs and Menlo's John Jarve … Read more