Bitcasa Secures an Additional $11M in Funding
In a recent announcement, Bitcasa has secured $11M in funding from Horizons Ventures. Other firms that participated in the initial round of funding are Samsung Ventures America, Pelion Venture Partners, Andreessen Horowitz and First Round Capital. Bitcasa is a service much like DropBox and Google Drive. It gives users a personal locker for them to store files and access them anywhere in the world from any device. This cloud data storage company charges $10 per month for their service and they claim that they can provide unlimited storage for any user at this price point.
With the investment, Bitcasa plans on expanding its business internationally while investing cash into the development phase of the product in order to stay ahead of its competition.
Bitcasa CEO Brian Taptich was recently quoted as saying, “Now that the product has reached a new level of maturity we want to accelerate adoption and enable people around the globe to take control of their personal belongings and use it in whatever way they chose.”
Bitcasa differentiates itself from the competition by offering an interface that allows users to access their files just as easy as the traditional method of retrieving files from your hard drive. With additional investments, the company aims to make the process of using the cloud as your personal document locker as seamless and easy as possible. Bitcasa’s main objective is become the premier storage medium for all of your pictures, documents and media. This means that you can remove the hard copy from your hard drive and use their cloud storage platform as a primary storage device. For many years, cloud storage only meant to be used as a backup for your media. Bitcasa is trying to change that perception and make the cloud your primary storage medium. Bitcasa is a start-up based in Mountain View, California that was founded in 2011. The company has received nearly $20M in venture capital to date.
