A stealthy VC-backed data storage startup enters the fray

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ParsecLabsA new Minneapolis startup operating in the data storage space has VC funding and decades of domain expertise behind it.

Parsec Labs flagship product provides storage optimization hardware & software systems for enterprise Network Attached Storage (NAS).

“We have developed a product that accelerates data access to existing NAS systems while reducing storage needs. It has the potential to be six times faster, and at the same time saving 60% of storage space by compression and de-duplication,” says Founder and CEO Walter Angerer, who intends to share more of the product details over the coming months.

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Parsec was founded earlier this year by Angerer who relocated to Minnesota 1999 from Austria when Siemens acquired a division of Control Data. From there, he was in appliance backup with Veritas/Symantec and then data protection with Quest Software before it was acquired by Dell for $2.4b.

In fact, Parsec’s backing comes by way of former Quest Software CEO Vinny Smith’s $150-$250m fund.   The company has six employees and is hiring for an Associate Software Engineer.

Parsec Labs is targeting midsized companies (200-10,000 employees & 10+TB NAS) for alpha testing and has intentions of going to market in the first quarter of next year.

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