Startup offers hefty storage with pay-per-use pricing

The model of buying cloud computing resources is different from that of buying traditional hardware and software. Instead of buying licenses and investing in equipment, in a cloud computing model, users pay for the resources they use – no more, no less. That model has been proven out extensively on the compute side, with services like Amazon’s Elastic Compute Cloud (EC2), and a variety of other IaaS offerings on the market. But storage has been slow to catch up.