Storage management firm, PrimaryIO has raised $5.6 Mn seed funding from Accel, Exfinity Ventures and Partech Ventures to expedite its product development efforts.
Commenting on the fund release, 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”.
PrimaryIO was founded in 2012 by Lorenzo Salhi, who is the Chief Revenue Officer for the company now. The startup has developed breakthrough software technology for storage management for virtualized data centers as enterprises embrace the public cloud. The 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.
Further, 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.
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.
The major competitors of PrimaryIO include Alibaba Cloud, Microsoft’s Azure, Amazon’s AWS, among others.