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Parascale raises $11.37M to help companies control their cloud storage destiny

Posted on June 23, 2008

A startup called Parascale has raised $11.37 in its first round of venture backing. The money will fund the launch of Parascale s software in a few months, which chief executive Sajai Krishnan says will help media companies deal with ever-increasing storage needs. Computing and storage in the Internet cloud are hot right now, with big players like Amazon and Google offering their own cloud services. There are even startups like RightScale (which raised $4.5 million from Benchmark Capital in April) providing software to make managing your Amazon servers easier. Cupertino, Calif.-based ...

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