Infinio, a Cambridge, Mass.-based startup that is developing software solutions to increase storage performance in virtual environments, just announced it has raised a $10 million Series A round from Highland Capital Partners and Bessemer Venture Partners. These investors join Lightspeed Venture Partners, Cambridge’s Founder Collective, the NYC Seed Fund, and a group of angel investors who previously invested a total of $2 million in the company. As part of this deal, Highland’s Sean Dalton and Bessemer’s Felda Hardymon have joined the company’s board of directors.
The company, which was previously known as SilverLining Systems, argues that as virtualization has changed the modern data center, the use of this technology has also driven the adoption of expensive central storage technology. Founded by Columbia computer science professor Vishal Misra and his group of co-founders, the company aims to “address the most expensive bottleneck in virtual environments: storage performance.”
“The majority of performance problems in virtual environments are storage-related,” Arun Agarwal, Infinio CEO, said in a statement today. “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.”
Overall, however, Infinio isn’t saying all that much about its actual product. The company plans to use its new funding to hire additional talent, but most importantly, it plans to use it to prepare for its first product launch later this year.
Infinio addresses the most expensive bottleneck in virtual environments: storage performance. Data center administrators buy more storage hardware when what they really want is better storage performance. We’re building a better solution. Infinio has strong financial backing from tier-one venture capitalists including Highland Capital Partners, Bessemer Venture Partners, and Lightspeed Venture Partners.