Bitcasa, a Mountain View, CA-based cloud storage company, has raised $7m in Series A funding.
The round was led by Pelion Venture Partners and Horizons Ventures, with participation from Andreessen Horowitz, First Round Capital, CrunchFund, and Samsung Ventures.
The company intends to use the funding to shorten the time-to-market for upcoming storage and data management offerings, and expand sales and marketing. Its service offering is now officially in open beta, and users can sign up at http://www.bitcasa.com.
Founded by Tony Gauda, CEO, Bitcasa uses client-side encryption, compression, and deduplication technologies to integrate infinite storage, sync, backup and share into desktops and across devices.
During the beta program, people can use the service for free; after beta, they can continue the access for only $10 a month.