6 January, 2017
Intel Acquires Cloud Storage Startup Bitcasa
Cloud storage startup Bitcasa today posted a “goodbye” message on its homepage without saying exactly what’s happening to it. In fact, Bitcasa has been acquired by Intel, VentureBeat has learned.
The acquisition is closed, according to a source familiar with the matter. Terms of the deal weren’t immediately known.
“Bitcasa and its platform have become a part of something much, much bigger,” Bitcasa chief executive Brian Taptich wrote in the message on its website.
After this article was published, an Intel spokesperson told VentureBeat in an email that “Intel did not acquire Bitcasa.”
Bitcasa was founded in 2011 by former MasterCard and Mozy employees and was based most recently in San Mateo, California. Over the years, as it dealt with competition from bigger companies like Box, Dropbox, Google, and Microsoft, it stopped emphasizing “infinite” cloud storage for consumers and focused more on winning business from companies and individual developers, by offering white-label cloud storage services and application programming interfaces (APIs). The startup killed its Drive cloud storage service last year; its desktop and mobile apps are no longer available.