Monday, December 16, 2013

Infinio Raises $12 Million for Virtualized Network Attached Storage

Infinio, a start-up based in Cambridge, Mass., closed a $12 million Series B funding round to support its NAS data storage accelerator for virtualized environments.

Infinio's Accelerator is a software-only solution that extends the performance life of an existing NAS. The accelerator is a virtual appliance that uses server-side caching to minimize the I/O traffic load on central storage.  It uses 8 GB of idle memory from each ESXi server to create a pooled, deduplicated cache in memory. The product was launched in November.

The Series B round brings Infinio's total funding to date to $24 million. All major backers, including Bessemer Venture Partners, Highland Capital Partners, Lightspeed Venture Partners, and Osage University Partners (a partner of Columbia University, home of Infinio's roots), participated in the round.

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