SwiftStack Retreats to Niche Storage Player
Well, the number of independent mass market object storage software vendors has gotten smaller with SwiftStack retreating to niche market player status. Going five years without a new funding round and only $24M raised means you can no longer afford to run with the big dogs. That leaves Cloudian and Scality as the independent survivors of mass market object storage software. Both of these companies have raised approx. $200M each over the past eight years. Both companies are still entertaining the notion that an IPO could be in their future despite the fact that no object-storage startup has been able to do it. SwiftStack's long term future looks like it will need to get bought to survive.