Symform is a groundbreaking startup that has introduced the Cloud Storage Network, a system where each user contributes excess local storage in exchange for valuable storage in a globally distributed cloud. This innovative approach enables the provision of affordable, secure, high-performing, and environmentally friendly cloud storage. What sets Symform apart is their ability to bypass the security risks and variable costs associated with maintaining traditional data centers, offering a solution that is both cost-effective and scalable. Founded in 2007 by two senior Microsoft engineers who questioned the steep prices of cloud storage compared to the low cost of local storage, Symform set out to address this discrepancy. Their solution lies in the development of the world's first distributed cloud storage network, effectively creating the world’s largest data center without actually constructing a physical data center. With their unique approach, Symform is revolutionizing the cloud storage landscape and paving the way for a new era where users pay with bytes instead of bucks for top-quality storage. In June 2014, the company secured a $200.00K Debt Financing investment, further empowering their vision. Located in the United States, Symform is positioned to make a significant impact on the cloud storage industry with its innovative and forward-thinking approach.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Debt Financing | $200.00K | - | 05 Jun 2014 | |
Series B | $11.00M | 4 | 25 Apr 2012 | |
Venture Round | $2.00M | 3 | 24 Jan 2012 | |
Venture Round | $1.00M | - | 15 Sep 2011 | |
Venture Round | $4.00M | 2 | 01 Jul 2010 |
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