PrimaryIO Raises $5.6M in Seed Funding from Accel, Exfinity and Partech Ventures
PrimaryIO, Inc. 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.
Storage management firm, PrimaryIO has raised $5.6 million in seed round of funding from Accel, Exfinity Ventures and Partech Ventures, to expedite its product development efforts.
PrimaryIO has developed breakthrough 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 & performance issues, enabling them to benefit from the public cloud solutions while retaining control & security of their data.
Primary IO products 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 PrimaryIO leadership team comes from Virident, Veritas, HP, and sTec. “Drawing on our deep background in storage and cluster file systems, we are uniquely positioned to help our customers overcome performance & capacity issues so they can truly take advantage of cloud-computing technologies.” said Kumar Ganapathy, CEO of PrimaryIO. “We are excited to be at the forefront of improving application performance for enterprises that are embracing the public cloud.”
Dinesh Katiyar, Accel, mentioned, “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”.
Chinnu Senthilkumar, Partner, Exfinity Venture Partners, added “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”.