Infinio Raises $10 Million
Infinio is a Cambridge, Massachusetts based virtual storage startup that has raised $10 million in Series A funding as part of a round from Highland Capital and Bessemer Venture Partners. Existing investors in this round include Lightspeed Venture Partners, Founder Collective, the NYC Seed Fund, and several angel investors. The existing investors previously put $2 million into the company. Sean Dalton (Highland) and Felda Hardymon (Bessemer) are joining Infinio’s board of directors.
Previously known as SilverLining Systems, Infinio believes that virtualization has changed data centers. The use of virtualization drives the adoption of central storage technology. Infinio was co-founded by Columbia University computer science professor Vishal Misra. The company is targeting the most expensive bottleneck in virtual environments, which is storage performance.
“The majority of performance problems in virtual environments are storage-related,” stated Infinio CEO Arun Agarwal. “Storage systems represent a huge portion of IT budgets, and too often, data center managers find themselves buying more hardware in an effort to improve performance, even when they have plenty of storage space. We’re building a software product that will help solve that problem.”