Intel gets distributed storage startup Bitcasa

Distributed storage startup Bitcasa today posted a "farewell" message on its landing page without saying precisely what's transpiring. Truth be told, Bitcasa has been procured by Intel, VentureBeat has learned.

The securing is shut, by source acquainted with the matter. Terms of the arrangement weren't instantly known.

"Bitcasa and its stage have turned into a piece of something much, much greater," Bitcasa CEO Brian Taptich wrote in the message on its site.

After this article was distributed, an Intel representative told VentureBeat in an email that "Intel did not gain Bitcasa."

Bitcasa was established in 2011 by previous MasterCard and Mozy workers and was based most as of late in San Mateo, California. Throughout the years, as it managed rivalry from greater organizations like Box, Dropbox, Google, and Microsoft, it quit accentuating "interminable" distributed storage for buyers and concentrated more on winning business from organizations and individual designers, by offering white-name distributed storage administrations and application programming interfaces (APIs). The startup executed its Drive distributed storage benefit a year ago; its desktop and versatile applications are no longer accessible.

It's not clear what the chipmaker will do with Bitcasa's group and innovation. Beforehand Bitcasa gave backend capacity administrations to Intel designers, as indicated by Bitcasa's site. Bitcasa engineers have begun working in Intel's New Technology Group (counting the New Devices Group), which chips away at future activities, the source said. "We stay hopeful that, after a short time (and however you may not understand it), Bitcasa's innovation will yet contribute altogether to satisfying this mission," Taptich composed.

Bitcasa has raised at any rate $20 million in financing. It last declared subsidizing in 2013. Financial specialists incorporate Andreessen Horowitz, CrunchFund, First Round Capital, Horizons Ventures, Pelion Venture Partners, and Samsung Ventures. In 2015 stockpiling monster SanDisk reported an arrangement with the startup. Different accomplices included Amazon Web Services (which gave capacity to Bitcasa), Huawei, Samsung, and Tata.

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