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Parascale

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Cloud storage software platform that clusters servers to act as one file repository

Cupertino, United StatesFounded 2005Hosting
Valuation $50–100M Last recorded · 2008
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About Parascale

Parascale, founded in 2004 by Cameron Bahar and Rasoul Oskouy, developed a cloud storage software platform. The company was established in Cupertino, California, and operated in the cloud computing and data management sector. Parascale's core product was a software solution that aggregated multiple standard Linux servers to function as a single, highly scalable virtual file-storage appliance. This allowed for the creation of massive file repositories with parallel throughput, enabling deployments to start at several terabytes and easily scale by adding more commodity hardware.

The platform was designed for data-intensive applications such as video-on-demand, document archiving, online backup, and video surveillance. It provided access through various file protocols including CIFS, NFS, HTTP, FTP, and WebDAV, presenting a more cost-effective alternative to traditional storage area networks (SAN) or clustered network-attached storage (NAS) systems. The system was engineered to be self-healing to minimize administration, allowing a single administrator to manage hundreds of nodes and terabytes of data.

In May 2008, Parascale secured $11.4 million in a Series A funding round from institutional investors CRV and Menlo Ventures. Despite initial interest from both enterprise and service provider clients, the company faced financial challenges and was unable to secure a Series B funding round. This led to a downsizing of the team to reduce its burn rate. In August 2010, Hitachi Data Systems (HDS), now part of Hitachi Vantara, acquired Parascale's intellectual property and its core engineering team. This acquisition was a strategic move for HDS to integrate Parascale's technology into its own suite of IT offerings.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2005
Headquarters
Cupertino, United States
Employees
3
Open positions
None listed
Dealroom signal
81.0/100
Industry
Hosting
Sector
Hosting, SaaS, Social, Storage, Platform
Technology
Big Data, IoT InternetOfThings
Client focus
b2b

Funding history

2 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITION✓Exit Aug 2010 $0 — Hitachi —
SERIES A✓Equity / VC Jun 2008 $11M $46M CRV · Menlo Ventures —
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Growth signals

Parascale website traffic

Latest recorded traffic for Parascale is 0 monthly website visits. Parascale's team grew 50% over the past year.

Latest monthly visits0 1-year team growth+50%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

3 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A2 investors entered at this stage

Other known investors1 additional known investor

  • Hitachi
Team profiled 8 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators Hidden — book a demo quality score
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇺🇸 United States · Cupertino HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Parascale on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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