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Storigen: Echoes of Akamai: Page 2 of 3

Chris Baldwin, a partner at Charles River Ventures, an investor in the company, was able to shed some more light on Storigen's plans.

“Think about libraries and why we have local libraries as well as national libraries, from the standpoint of getting the book and having time to read it,” he says. “Akamai fired the first salvo by moving content out to the edge, but it also needs to be stored here. This will require smart, cost-effective devices; not big, dumb EMC Corp. [NYSE: EMC] storage, and this is what Storigen is working on.”

The idea has gelled with several top-notch VCs including Battery Ventures, Charles River Ventures, and OneLiberty Ventures , which collectively came up with a first round of $9 million in funding last September.

Storigen's founders all hail from Avid Technology (Nasdaq: AVID), where they helped create a successful digital editing and streaming video company.

Rick Gillet, the CTO of Storigen, was a Corporate Fellow at Avid, where he co-defined and drove the strategy for Avid’s shared storage architecture. He has over 20 years experience in storage and network engineering, 17 years of it spent at DEC climbing to CTO for DEC’s Alpha server division.