[2][3] FalconStor was co-founded in 2000 in New York by Computer Associates veterans[4] ReiJane Huai[5] and Wayne Lam.

[6] In 2007 the company started a joint-venture with the Chinese Academy of Sciences for the Blue Whale file system.

[11] In 2012, the company agreed to pay $5.8 US million as part as a federal investigation settlement, after it has admitted that its employees gave more than $300,000 in bribes to executives at JPMorgan Chase with restricted stock shares and golf memberships in exchange for contracts.

[15] In June 2020, FalconStor partners with Hitachi Content Platform (HCP) to provide end-to - end data management and backup solutions.

[17] In May 2020, FalconStor Software announced a new tool named StorSafe, an enterprise-class permanent data storage container that combines with existing recovery applications and archive processes.