Bitcasa 2.0?
I hope they've learned from the stillborn disaster area that was Bitcasa, a remarkably similar offering from a couple of years back. Maybe that's where the CEO disappeared to suddenly last year. Anyway, I made the mistake of falling for the hype of unlimited online storage with sync and mirror. Absolutely shocking QC. Production version was still late-alpha. Download speeds were about 100kBps (yes, that slow) and files were corrupted and lost somewhere along the line so that you only got about half of what you put up there, back.
Oh yes, and Asia had no access to dedupe, so renaming a folder was shit slow, requiring all the files to be uploaded again.
Once burnt and all that.