… And $7 Million for Bitcasa in Series A

Bitcasa, the cloud storage company that integrates infinite storage, sync, backup and share into desktops and across devices, has raised $7 million in its Series A funding round, bringing the total funding to $9 million.

Pelion Venture Partners, an existing investor, and Horizons Ventures, a new investor, led the round, with Andreessen Horowitz, First Round Capital, CrunchFund, and Samsung Ventures participating.

Funds will be used to further accelerate the company’s growth, shorten the time-to-market for upcoming storage and data management offerings, and expand sales and marketing.

The company’s service offering is now officially in open beta, and users can sign up.
 
In the past few months, Bitcasa users in 120 countries saved more than 4PB of data and uploaded more than 1 billion files. The service solves capacity, management and security challenges, and uses client-side encryption, compression, and deduplication technologies to integrate infinite storage into all of the devices. Users can now store, sync, backup and send infinite amounts of data without having to worry about management and capacity constraints.

During the beta program, they can take advantage of the service for free; after beta, they can continue the access to infinite storage for only $10 a month.

"I am glad to see the continued commitment of our initial investors, as well as the involvement of our new investors," said Tony Gauda, co-founder and CEO of Bitcasa. "This funding round shows that our investors recognize the potential that we have in this market and have been pleased with our progress. It is exciting to see the users’ increased adoption of our infinite storage solution that helps them store and share more data than they could have ever imagined. We are working on more amazing features and are currently looking to bring on great talent to join our team."

The company was founded by former MasterCard and Mozy employees.