San Francisco-Based Streem Secures $875k to Bring Unlimited Cloud Storage.
Need another service that isn’t Google Drive or Dropbox for storing your digital documents? New Beta service streem gives its users an unlimited amount of storage space in the cloud, and just recently it announced that its manage to gain over $875,000 of financial funding investment to do so. Unlike other conventional cloud storage applications, there’s no option to sync local files, everything is stored exclusively on the Web and streamed on demand.
That’s give them a huge advantage according to co-founder and CEO Ritik Malhotra, who told reporters that users cloud store as many high-quality video and music as they liked without taking up any room on their hard drives. The service has a premium plan of over $20 per month to use this service, although there is a generous free plan that’s available with 200GB allocation space.
The development team has developed apps for Max OS X, Windows, Linux, iOS, Android and the Web, but of course no Internet connectivity means no access to ones own files. Streem uses a proprietary set of algorithms for compressing files and spotting duplicates that states it allows them to keep cost down and offer unlimited storage for its customers. Data is protected by SSL connections and AES-256 bit encryption.
With prices lowering and Internet speeds increasing, competition in the cloud storage space has never been so aggressive, Dropbox has recently release a new Carousel photo management application, Google halved the prices it charges for Drive space back in March. Apple and Microsoft has continue to push their own brand of services as well. There are other host of smaller version available as well.