MemoScale Got Venture Funding

MemoScale AS, a Norwegian software company that develops and promotes erasure coding, has raised an undisclosed amount of money a few months ago from Alliance Venture Inc.

The company based in Trondheim, Norway, develops a pretty efficient erasure coding technology available as plugins or library. Plugins complement open source solutions such as OpenStack Swift, Ceph or Hadoop and the C-library could be coupled with various storage applications running on Intel and ARM processors.

And this is a paradox as the firm sells a commercial software that appears as a feature for products that are open source. It’s a pretty tough mission to persuade users to acquire such data protection layer that appears as a nice to have. This is a recurrent debate when you develop such data services that are finally a feature and not a product.

Perhaps a good idea would be to reformat the product and deliver a Community Edition, free of charge, limited but aligned with open source products they target, and an Enterprise Edition with the full features list.

The other go to market strategy could be the OEM path with several good potential partners on the planet having clear lack in that domain. We understand that MemoScale has some OEM agreements pending.

The start-up, now with 6 people, was founded in 2015. CEO is Per Simonsen. It got formerly around 10 million NOK from the Research Council of Norway and NTNU Discovery.

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MemoScale With New Iteration to Make Erasure Coding Universal
For data integrity, fast data recovery and efficient storage capacity utilization
by Philippe Nicolas | 2016.05.20 | News