Cloud-storage startup pCloud reels in $3M

pCloudSwiss cloud-storage startup pCloud has announced that they have raised $3 million from undisclosed investors, money that they intend to put towards expansion into new markets. According to CEO Tunio Zafer, “We have a solid client base in Europe and Asia, and we’re eager to expand to new markets.” This startup has proven to be quite popular since it launched in 2013, currently claiming more than 2 million users.

Perhaps one of the most attractive aspects of pCloud is that they have embraced the mobile sphere, in addition to their desktop and web offerings, allowing users to download apps for Android and iOS and then access up to 1TB of space. At the moment, the pCloud app has been download hundreds of thousands of times on Android, maintaining a rating of 4.2 stars (of 5) from more than 4,900 users. The iOS version is currently sitting at 4 (out of 5) stars from 37 users.

They also sell access to pCloud Crypto, a client-side encryption feature, for $3.99 per month. This latter service, which includes zero-knowledge privacy), is currently only available for pCloud Drive and has not yet come to web or mobile, but the startup says that it is “coming soon.”

pCloud’s service is free to many customers, as they offer up to 20GB at that price (permanently). It is beyond that size that they begin to charge, taking $3.99/month for up to 500GB, $7.99/month for 1TB, and then up to 5TB at an undisclosed price for business customers.

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