Feeds

ParaScale shrugs off funding fail and declares 'We're rockstars'

Like Hendrix? Morrison? Elvis?

Choosing a cloud hosting partner with confidence

Comment Cloud network-attached storage (NAS) startup ParaScale has been forced into some emergency self-surgery after failing to seal a funding round. What is happening and where is it going?

Founder and chief technology officer Cameron Bahar said: "It is true that we were not able to raise our series-B round of financing with Sajai Krishnan at the helm. We're still here and have down-sized the team to reduce our burn rate while we evaluate our options going forward."

Sajai Krishnan was replaced as CEO by Ken Fehrnstrom a couple of months or so ago.

Bahar said its current travails were neither a marketing or product problem: "Interestingly we have had a lot of interest from both enterprise and service providers for our cloud storage product and have sold product into both environments.

"Our current predicament is a financing problem and not a fundamental market/product problem."

The Register story about ParaScale this week raised questions about the logic of running applications on the storage nodes of a ParaScale cluster.

"NAS does NOT allow you to run applications directly on the data (locally) and requires shuttling of data across the network from NAS to compute servers," Bahar explained. "NAS is a closed storage appliance.

"Think of Hadoop and MapReduce applications to understand the benefits of a scale-out reliable storage platform that allows applications to run locally, providing significant performance boost to data mining and other data intensive applications such as video analytics/etc.

"Because our product provides a shared-nothing scale-out storage platform that is read/write and has NFS access, it's ideal for fast/parallel ingest of machine-generated data and processing."

We opined that there was little room in the well-developed NAS market for ParaScale. Bahar disagrees. "This is a novel and interesting use-case that our product is a great fit for besides the crowded generic NAS market. Think of a solution that allows you to persistently store, manage, and analyze unstructured data."

"We have a rock star team, and a tough situation to deal with. Wish us luck." ®

Internet Security Threat Report 2014

More from The Register

next story
Azure TITSUP caused by INFINITE LOOP
Fat fingered geo-block kept Aussies in the dark
NASA launches new climate model at SC14
75 days of supercomputing later ...
Yahoo! blames! MONSTER! email! OUTAGE! on! CUT! CABLE! bungle!
Weekend woe for BT as telco struggles to restore service
You think the CLOUD's insecure? It's BETTER than UK.GOV's DATA CENTRES
We don't even know where some of them ARE – Maude
BOFH: WHERE did this 'fax-enabled' printer UPGRADE come from?
Don't worry about that cable, it's part of the config
Want to STUFF Facebook with blatant ADVERTISING? Fine! But you must PAY
Pony up or push off, Zuck tells social marketeers
Astro-boffins start opening universe simulation data
Got a supercomputer? Want to simulate a universe? Here you go
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
How to determine if cloud backup is right for your servers
Two key factors, technical feasibility and TCO economics, that backup and IT operations managers should consider when assessing cloud backup.
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?
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.