At the recent Dublin Web Summit, I sat down with Tony Gauda, co-founder and chief executive officer of Bitcasa, which promises users ‘infinite cloud storage’.

He compares Bitcasa to Spotify rather than the many cloud-based storage and file sharing solutions out there. So far, users have stored north of 6 petabytes (that’s 6 million gigabytes) of data from users from over 120 countries worldwide – up from 5 petabytes last August.

It helps that the service is absolutely free, but that will no longer be the case next year, as Gauda explains in the interview.

After all, Bitcasa is backed by venture capital firms – the company most recently landed $7 million in a round from Horizons Ventures, Pelion Venture Partners, Andreessen Horowitz, First Round Capital, CrunchFund and Samsung Ventures – and needs to be able to return that money at some point in the future.

Fun fact: Gauda says Bitcasa hasn’t ever gone down – yet.

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