Hive Launches out of Beta, Gets $500K Seed Funding

December 22, 2014

4:54 pm

Back in October we saw Hive, the first unlimited cloud storage system, launch into a public beta period. Just in time for the holidays they’ve officially announced that they have secured $500,000 in seed funding to build their San Francisco based team and accelerate scaling the platform.

The participating partners in Hive’s seed funding round include Bigcolors, Link11 GmbH, and multiple private angel investors. Along with the funding, Hive has officially come out of their beta testing phase.

Hive is disrupting the cloud storage space by focusing on the personal content discovery and sharing rather than the traditional pay-per GB model. In contrast to other companies, they offer free and unlimited storage for their users as well as the ability to share content within groups or lock said content away in private folders.

“We came out of the gate with a strong start and we are seeing markets around the world lighting up on a weekly basis. It is all product driven, which further validates that our vision of cloud storage is touching consumers in a unique way,” says Thierry Lehartel, Hive co-founder and CEO. “We want to build up on the momentum and pursue an aggressive growth plan, which will be initially fueled by the funding.”

Since their launch in October, Hive has grown throughout the world and has been localized in English, French, Japanese, Spanish, and Portuguese. That display of traction is part of what drew investor attention to Hive.

“We chose to partner with Bigcolors and Link11 GmbH, as companies that can advise in developing and driving the adoption of the Hive social network on a global basis. Hong Kong based Bigcolors has the experience and know-how to take Hive deeply into Asia and help with U.S. expansion, while German-based Link11 provides the backbone of the secure and scalable Hive cloud service,” says Lehartel.

We’ll keep following Hive’s journey and be sure to update you on any news coming from the San Francisco based startup.

 

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Will is a Senior Writer with Tech.Co, based out of America's Finest City: San Diego. He covers all territory West of the Mississippi river, digging deep for awesome local entrepreneurs, companies, and ideas. He's the resident Android junkie and will be happy to tell you why you should switch to the OS. When he's off the clock, Will focuses his literary talent on the art of creative writing...or you might find him surfing in Ocean Beach. Follow Will on Twitter @WJS1988

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