Parascale Secures $11.37 Million in Series A Funding

Jun 24, 2008


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Parascale, provider of cloud storage solutions for rich media content, announced that it has closed a $11.37 million Series A financing round led by venture capital firms Charles River Ventures and Menlo Ventures. Parascale plans to use the funding for product development and marketing initiatives in preparation for the launch of Parascale Cloud Storage (PCS), an application that aggregates disk storage on multiple standard Linux servers providing one scalable storage cloud, accessible via standard file access protocols.

(www.crv.com, www.parascale.com)