Feeds

Is StorSpeed grinding to a halt?

Filer cacher startup drops the ball

3 Big data security analytics techniques

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.®

SANS - Survey on application security programs

More from The Register

next story
This time it's 'Personal': new Office 365 sub covers just two devices
Redmond also brings Office into Google's back yard
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Bored with trading oil and gold? Why not flog some CLOUD servers?
Chicago Mercantile Exchange plans cloud spot exchange
Just what could be inside Dropbox's new 'Home For Life'?
Biz apps, messaging, photos, email, more storage – sorry, did you think there would be cake?
IT bods: How long does it take YOU to train up on new tech?
I'll leave my arrays to do the hard work, if you don't mind
Amazon reveals its Google-killing 'R3' server instances
A mega-memory instance that never forgets
Cisco reps flog Whiptail's Invicta arrays against EMC and Pure
Storage reseller report reveals who's selling what
prev story

Whitepapers

Designing a defence for mobile apps
In this whitepaper learn the various considerations for defending mobile applications; from the mobile application architecture itself to the myriad testing technologies needed to properly assess mobile applications risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.