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Technology Stocks : Investing in Exponential Growth

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From: Paul H. Christiansen7/27/2016 3:26:04 PM
   of 1084
 
Apple and Oracle vets’ Upthere raises $77 million to put a new spin on personal cloud storage

Upthere isn’t your parents’ personal cloud storage service. The team behind the service, which is coming out of beta today with $77 million in financing from a slew of investors, believes that the cloud should be your primary storage and not just a place for keeping backups or helping you sync data between machines.

Upthere wants you to think of its service as the canonical location where your data lives. It’s now generally available for OS X/MacOS, Android and iOS, with the Windows and web apps hitting beta today.

The company had some help getting there with new financing led by KPCB and Western Digital, along with Floodgate, Elevation Partners, GV, NTT Docomo Ventures and Square 1 Bank.

It’d be easy to ignore Upthere as yet another player in the cloud storage space that is already somewhat oversaturated with Dropbox, OneDrive, Google Drive and plenty of startups all vying for the same users. But Upthere is different, and it marks a pretty interesting departure from where the rest of the market is going.

techcrunch.com

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