|By Maureen O'Gara||
|February 14, 2013 08:00 AM EST||
Infinio (née SilverLining Systems), a not yet two-year-old Cambridge start-up developing software to improve data storage performance in virtual environments, said Tuesday that it's raised a $10 million Series A round led by new investors Highland Capital Partners and Bessemer Venture Partners.
Both get a seat on the board.
That gives Infinio $12 million since it was started. Earlier investors were also part of the Series A, including Lightspeed Venture Partners, Founder Collective, the New York City Seed Fund and some angel backers.
Infinio reckons storage performance issues are "the most expensive bottleneck in virtual environments."
"The majority of performance problems in virtual environments are storage-related," Arun Agarwal, Infinio CEO, said in a statement. "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."
The widgetry won't beta for some months yet.
The company's looking for people and will be putting a marketing campaign together.
- "All It Took Was One E-Mail to Larry," Says Former eBay Research Director As He Moves to Google
- Google Ramps Up Its Mobile Reach: Launches "Mobile Web Search"
- VoIP Update: Yahoo! Buys DialPad
- Ericsson + Napster = World's First "Wireless Digital Music" Brand
- Free Guest Passes for the SOA World Conference & Expo in NYC
- SYS-CON i-Technology Podcast August 30, 2005
- A Flair for Food - Health-Conscious Cooking Is This Chef's Cup Of Tea
- Sony PSP May Feature Porn
- Kapow Helps Seiko UK, Provides SMS Text-Alert Services
- South Korea is World's Largest Phisher
- Will the Mac OS Now Be Offered by Dell?
- UK Targeted for Trojan Attacks