WorldStor

About WorldStor

WorldStor Inc. operated as a storage services provider (SSP) based in Fairfax, Virginia, emerging around the year 2000. The company positioned itself in the burgeoning e-business market, offering a suite of managed data solutions including storage, backup, and replication services.

The leadership team included Ashby Lincoln, who was the founding Vice President of Sales, and Steven Bishop, who served as the Chief Technology Officer. Brian Cameron, another key figure, was the Director of Information Technology and was instrumental in designing and building the company's national IT infrastructure. Lincoln's role was pivotal in shaping the company's go-to-market strategy, where he pioneered sales approaches and managed the business development group. His prior experience at established firms like EMC and Storage Dimensions likely informed WorldStor's strategies in a competitive landscape.

WorldStor successfully attracted significant investor interest, securing over $33 million in a second round of financing in December 2000. This round was backed by investment partners such as W. R. Huff Asset Management, Mid-Atlantic Venture Funds, Keystone Venture Capital, and Five Paces Ventures, bringing the company's total venture capital raised to nearly $40 million. This capital was intended to fuel the expansion of its infrastructure and team to support its growth. The company's business model was centered on providing outsourced data management, allowing clients to offload the complexities and capital expenditures of data storage. For instance, WorldStor partnered with companies like Doceus to handle their storage backup and retrieval needs. While WorldStor was an active player in the SSP market, it eventually ceased operations, with key executives like Ashby Lincoln moving on to co-found other ventures in the data storage industry, such as Veristor Systems in 2001.