infinite io develops a Network-based Storage Controller that puts storage intelligence in the network and responds to metadata requests faster than advanced all-flash arrays. Its metadata-driven architecture migrates inactive files to low-cost cloud storage transparently while maintaining security and availability, aiming to lower overall storage costs and boost performance for active data. The company reports enterprise customers across media and entertainment, genomics, higher education and research, large-scale website development, and government where data scales to multiple petabytes. infinite io closed an oversubscribed $10.3M Series B and will use the proceeds to scale operations globally and accelerate market momentum. The Series B funding round included lead investors Chris Galvin and David Galvin (Three Fish Capital) and participation from Chicago Ventures, John Anderson, Dougherty and Company, Equus Holdings, PV Ventures, and industry luminaries Dean Drako, Brett Hurt, and Bill Miller. The company positions its solution as avoiding capacity-based pricing and the performance compromises common to other data-management approaches. infinite io develops the NSC-110 Network-based Storage Controller, a Network-based Storage Controller that migrates inactive data to low-cost public or private cloud storage while enhancing performance of active data. The company says the NSC-110 can reduce storage costs by as much as eighty percent and allows integration of cloud storage and flash memory with no changes to applications, storage systems, network file paths, file systems, or the user experience. The NSC-110 is positioned as the core product for enterprises seeking to optimize existing infrastructure investments and enhance network and application performance. infinite io plans to use the new funding to address the needs of a growing customer base and to support its go-to-market partners. The company is headquartered in Austin, Texas and is led by CEO Mark Cree. The firm announced completion of $3.4 million in funding led by Chicago Ventures to advance its enterprise software and sales efforts.

Total raised

$14M

Funding rounds

2

Latest round

Series B

Latest activity

Aug 2018