The startup is also looking to recruit a compression researcher capable of implementing "cutting edge compression algorithms for video and images," suggesting that Ocarina may wish to tap into the booming video surveillance market.
Ocarina, based in San Jose, Calif., at least seems to have the finances necessary to join battle with the likes of Storewiz. Last year, the vendor received funding from Stanford University, Kleiner Perkins Caufield & Byers, and Highland Capital Partners. Although Ocarina wont release an exact financing figure, sources say it's between $10 million and $11 million.
"We're well funded by well known VCs," says Thirumale. "It's sufficient for us, we're not in fund-raising mode at this time."
Bottom line? It seems to remain early days for the secretive startup. After nearly a year of hemming and hawing, it's clear that Ocarina is more hype (albeit the quiet, stealthy kind) than reality.
Rating: 1 out of 5
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