tech:

taffy

Bitcasa Raises $7M, Launches Open Beta

[Techtaffy Newsdesk]

Bitcasa, a cloud storage company founded by former MasterCard and Mozy employees has raised $7 million in its Series A funding round. Pelion Venture Partners, an existing investor, and Horizons Ventures , a new investor, led the Series A round, with Andreessen Horowitz, First Round Capital, CrunchFund, and Samsung Ventures participating. This brings the company’s total funding to $9 million.

Bitcasa is a cloud-based service that uses client-side encryption, compression, and deduplication technologies to move data online. A beta version of Bitcasa services are currently open to everybody .

Bitcasa users can store, sync, backup and send infinite amounts of data without having to worry about management and capacity constraints. Bitcasa users in 120 countries saved more than 4 petabytes of data and uploaded more than 1 billion files.

Funds will be used to further accelerate the company’s growth, shorten the time-to-market for upcoming storage and data management offerings, and expand sales and marketing, says Bitcasa. Bitcasa users in 120 countries saved more than 4 petabytes of data and uploaded more than 1 billion files. During the beta program, users can use the Bitcasa service for free. After beta, access to Bitcasa costs $10 a month.

Just in

Apple sued in a landmark iPhone monopoly lawsuit — CNN

The US Justice Department and more than a dozen states filed a blockbuster antitrust lawsuit against Apple on Thursday, accusing the giant company of illegally monopolizing the smartphone market, writes Brian Fung, Hannah Rabinowitz and Evan Perez.

Google is bringing satellite messaging to Android 15 — The Verge

Google’s second developer preview for Android 15 has arrived, bringing long-awaited support for satellite connectivity alongside several improvements to contactless payments, multi-language recognition, volume consistency, and interaction with PDFs via apps, writes Jess Weatherbed. 

Reddit CEO Steve Huffman is paid more than the heads of Meta, Pinterest, and Snap — combined — QZ

Reddit co-founder and CEO Steve Huffman has been blasted by Redditors and in media reports over his recently-revealed, super-sized pay package of $193 million in 2023, writes Laura Bratton. 

British AI pioneer Mustafa Suleyman joins Microsoft — BBC

Microsoft has announced British Artificial Intelligence pioneer Mustafa Suleyman will lead its newly-formed division, Microsoft AI, according to the BBC report. 

UnitedHealth Group has paid more than $2 billion to providers following cyberattack — CNBC

UnitedHealth Group said Monday that it’s paid out more than $2 billion to help health-care providers who have been affected by the cyberattack on subsidiary Change Healthcare, writes Ashley Capoot.