ParaScale Lands $11,370,000 Series A Financing Round

  • Feed Type
  • Date
    6/18/2008
  • Company Name
    ParaScale
  • Mailing Address
    10450 Bubb Road Cupertino, CA 95014
  • Company Description
    The Parascale Cloud Storage (PCS) software aggregates disk storage on multiple standard Linux servers to provide one highly scalable storage cloud, accessible via standard file-access protocols (NFS, HTTP, FTP). Parascale delivers massive storage capacity and parallel throughput. Deployments can start easily with several terabytes and scale to several petabytes in a single namespace with administrator-specified redundancy. A single administrator can manage hundreds of servers, with the system automatically balancing out hot-spots and capacity utilization across the various nodes.
  • Website
    http://www.parascale.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $11,370,000
  • Transaction Round
    Series A
  • Proceeds Purposes
    Proceeds purposes were not disclosed.
  • M&A Terms
  • Venture Investor
    Charles River Ventures
  • Venture Investor
    Menlo Ventures

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