funding smartly

Storage management firm, PrimaryIO has secured seed funding of $5.6 million 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 and performance issues, enabling them to benefit from the public cloud solutions while retaining control and security of their data.

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”.

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.

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.

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”.

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Speaking on the same line, 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”.

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