Bitcasa Launches Open Beta Of Its Unlimited Cloud Storage Service, Raises $7M Series A Round

Cloud storage company Bitcasa today announced that it's now opening its beta to the public. The service, which says that it will offer its users unlimited cloud storage, is currently available for free, but the company plans to charge $10/month after the beta period. In addition, the company also announced that it has raised a $7 million Series A round led by existing investor Pelion Venture Partners and new investor Horizons Ventures. Andreessen Horowitz, First Round Capital, CrunchFund, and Samsung Ventures also participated in this round. This brings Bitcasa's total funding to $9 million. The company says it will use these new funds to bring its new storage and data management offerings to market faster and expand its sales and marketing teams.

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