TMCnet News
infinite io Announces the Completion of $3.4 Million in Fundinginfinite io, developer of the world's only Network-based Storage Controller, today announced the completion of $3.4 million in funding. This latest round was led by Chicago Ventures, and positions the company to address a growing pipeline of customers. "We are very excited to be building a world-class enterprise software company here in Austin, Texas, where there is a wealth of talent to support our growth plans," said Mark Cree (News - Alert), the CEO of infinite io. "The new funding will be used to address the needs of our growing customer base and to support our go-to-marketpartners." The NSC-110 Network-based Storage Controller infinite io has liberated data storage intelligence from traditional closed "big-box" storage systems. The NSC-110 Network-based Storage Controller migrates inactive data to low-cost public or private cloud storage, reducing storage cost by as much as eighty percent, while enhancing the performance of actively used data. Our controllers are the first to allow IT managers to seamlessly integrate new storage technologies, such as cloud storage and flash memory, into existing environments with no changes to applications, storage systems, network file paths, file systems or the user experience. "We are delighted to partner with infinite io in building solutions that deliver tremendous value to enterprises that are encumbered by the cost and performance burdens of traditional storage products," said Stuart Larkins, Partner at Chicago Ventures. "Mark and the team are industry veterans that are taking a novel approach to helping companies optimize on their existing infrastructure investments and enhance future network and application performance." About infinite io, inc. infinite io is headquartered in beautiful Austin, Texas, the world capital of live music, awesome BBQ and SxSW. Our veteran team has a track record of introducing market-defining solutions in security, network routing/switching, and storage networking. Please visit our website at www.infiniteio.com for more information.
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