Storage management firm, PrimaryIO has raised seed funding of $5.6 million from Accel, Exfinity Ventures and Partech Ventures, to expedite its product development efforts.
On the investment, Chinnu Senthilkumar, Partner, Exfinity Venture Partners mentioned:
As traditional enterprises and financial institutions look to embrace cloud computing, there is a need for a special computing framework for cloud transformation. PrimaryIO’s technology is designed to work with existing enterprises’ IT infrastructure without compromising performance, security and protocol while allowing them to leverage the cloud computing infrastructure.
Further adding to that, Nick Petheram, CEO of Bell Integration, a leading System Integrator and channel partner in UK, Europe and Singapore said:
PrimaryIO has an exciting technology for our customers. I believe that our enterprise customers will benefit from a significant application performance, improved storage optimization and increased data-center resource utilization. We look forward to working with PrimaryIO and deliver current and next-gen data center cloud solutions to our customers.
PrimaryIO is a start-up based in Silicon Valley that develops software solutions to dramatically increase application performance in the most cost effective and least disruptive way imaginable. The firm is a privately funded software company focused on performance & capacity optimization solutions for business-critical applications with offices in Silicon Valley, California and Pune, India.
Commenting on the development, Accel’s Dinesh Katiyar said:
Cloud computing is disrupting traditional IT at a very rapid pace and creating high growth opportunities. PrimaryIO with its domain expertise is well positioned to benefit from this market trend and we are excited to work with the team.
The company has developed a software technology for storage management for virtualized data centers as enterprises embrace the public cloud. This investment will help accelerate product development to bring innovation to the enterprise IT customers that are dealing with data center capacity, cost and performance issues, enabling them to benefit from the public cloud solutions while retaining control and security of their data.
The product of the company enable virtualized applications running under VMware environments to run faster and more cost effectively by eliminating storage bottlenecks and gaining control of valuable data across the private and public cloud.
The company’s leadership team comes from Virident, Veritas, HP, and sTec. Drawing on the company’s deep background in storage and cluster file systems, they are positioned to help their customers to overcome performance & capacity issues so they can truly take advantage of cloud-computing technologies.