04 September 2017, India:
Software solution provider platform PrimaryIO has raised seed funding of $5.6 million in the latest round of funding from Accel Partners, Exfinity Venture Partners and Partech Ventures.
PrimaryIO is a privately funded startup with offices in Silicon Valley, California; Pune, India; and Vienna, Austria. The company is focused on using its advanced application centric architecture to vastly improve application performance. PrimaryIO will utilize the fresh funds to accelerate product development. The company plans to help customers that are facing data center capacity, cost, and performance issues, enabling them to benefit from the public cloud solutions while retaining control and security of their data.
“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. “We are excited to be at the forefront of improving application performance for enterprises that are embracing the public cloud.”
Dinesh Katiyar, Accel, remarked, “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.”
Chinnu Senthilkumar, Partner, Exfinity Venture Partners mentioned “As traditional enterprises and financial institutions look to embrace cloud computing, there is a need for a special computing framework for cloud transformation. PrimaryIO’s technology is designed to work with existing enterprises’ IT infrastructure without compromising performance, security and protocol while allowing them to leverage the cloud computing infrastructure.”
Nick Petheram, CEO of Bell Integration, a leading System Integrator and channel partner in UK, Europe and Singapore said, “PrimaryIO has an exciting technology for our customers. I believe that our enterprise customers will benefit from a significant application performance, improved storage optimization and increased data-center resource utilization. We look forward to working with PrimaryIO and deliver current and next-gen data center cloud solutions to our customers.”
PrimaryIO provides software solutions to dramatically increase application performance by accelerating I/O throughput via intelligent data service policies.