Space Monkey, the startup offering a peer-to-peer alternative to cloud storage services like Dropbox, just raised $2.25 million in a seed round of funding.
The company says that it’s combining the benefits of both local storage and the cloud. Every Space Monkey customer gets their own storage device, so they can access their files without having to worry about download times or pay the higher cost of cloud storage (which can become an issue when you’re talking about large media files like videos). Copies of those files are also distributed in chunks to other Space Monkey devices, allowing for remote access and backup.
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