Parascacle Secures $11.37M

CUPERTINO, Calif. -- Parascale, a provider of cloud storage solutions for rich media content in traffic-intensive applications, today announced that it has closed an $11.37 million Series A financing round 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 Parascale Cloud Storage (PCS), an application that aggregates disk storage on multiple standard Linux servers providing one highly scalable storage cloud, accessible via standard file access protocols.

Parascale was founded on the premise that advances in computer hardware over the past 10 years make it possible for file storage, management, and distribution solutions to be more reliable, easier to manage, and less expensive to purchase and operate than ever before. Adopting the best technologies available, 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 companys PCS software is patented technology which automatically and transparently migrates and replicates files among storage nodes to balance and optimize performance – without interruption in client access.

“Parascale brings together a top team and tremendous technology,” said Bruce Sachs, general partner, Charles River Ventures. “The trend is towards the use of cloud storage which enables the storing of digital content at around a half dollar per gigabyte. But the technology to deliver it requires some advanced thinking and real engineering. That is precisely what Parascale delivers. By providing the intelligence to power cloud storage, Parascale will offer the right performance, scalability, and ease of management. In helping store huge amounts of digital content cheaply, Parascale technology will impact many, many industries – from entertainment to genomics and medical imaging to security, and beyond.”

ParaScale Inc.