Feeds

Is StorSpeed grinding to a halt?

Filer cacher startup drops the ball

Choosing a cloud hosting partner with confidence

The future of filer cacher StorSpeed appears unclear after it emerged that key execs had left the firm amidst rumours it failed to actually shift any kit.

It launched its SP5000 caching appliance last October. This was juicy hardware with up to six clustered 2U caching nodes featuring FPGA go-faster hardware and solid state drives (SSD) or small form-factor SAS drives, controlled by software said to be application-aware. The SSD version was said to support 350,000 IOPS. As an inline cache it competed with Avere's FTX multi-tiered filer accelerator.

StorSpeed was founded in 2007 by president and CEO Mark Cree and Greg Dahl, the company's business development VP, and laid in $13m of A-round funding. That seems to have been that on the funding front, and this sum, for what it's worth, doesn't sound like a lot of cash to develop a hardware and software product from scratch.

StorSpeed's website lists the current investors as Covera Ventures, El Dorado Ventures, Palomar Ventures and Vesbridge. Two other VC firms were involved in 2007 but seem to have disappeared along the way.

One account, coming indirectly from former employees, is that not a single system was sold. A second account said that StorSpeed did not focus a lot on software originally and its hardware had problems that could not be fixed. We're told that the original hardware VP of engineering and co-founder left late last year. A new VP of engineering for software left a few weeks ago as did Mark Cree, the founding CEO, we're told.

This account is backed up by scanning LinkedIn entries. Mark Cree's entry says he left StorSpeed in February this year. Previously he'd spent five years as a venture or technology partner with two of StorSpeed's VC backers, El Dorado Ventures and Vesbridge.

Another LinkedIn-listed StorSpeed ex-employee is Spencer Shepler, the chief technology officer, describing himself now as the "Ex-CTO of Ex-Storspeed."

Peter Amirkhan, StorSpeed's Sales VP, left in February. Michael Tibbets lists his Director of Software Engineering position at StorSpeed as past employment on his LinkedIn entry, with it finishing this month.

Calls to StorSpeed's HQ are met with a voicemail response, with no call back, and it has given no statement.®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
'Kim Kardashian snaps naked selfies with a BLACKBERRY'. *Twitterati gasps*
More alleged private, nude celeb pics appear online
Wanna keep your data for 1,000 YEARS? No? Hard luck, HDS wants you to anyway
Combine Blu-ray and M-DISC and you get this monster
US boffins demo 'twisted radio' mux
OAM takes wireless signals to 32 Gbps
Google+ GOING, GOING ... ? Newbie Gmailers no longer forced into mandatory ID slurp
Mountain View distances itself from lame 'network thingy'
Apple flops out 2FA for iCloud in bid to stop future nude selfie leaks
Millions of 4chan users howl with laughter as Cupertino slams stable door
Students playing with impressive racks? Yes, it's cluster comp time
The most comprehensive coverage the world has ever seen. Ever
Run little spreadsheet, run! IBM's Watson is coming to gobble you up
Big Blue's big super's big appetite for big data in big clouds for big analytics
Seagate's triple-headed Cerberus could SAVE the DISK WORLD
... and possibly bring us even more HAMR time. Yay!
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.