NextIO, an Austin, Texas-based provider of I/O consolidation and next-generation networking solutions, has raised $12.3m in Series F venture funding.
Backers include existing shareholders and an undisclosed strategic investor.
The company intends to use the funds to expand its sales and marketing efforts worldwide and further develop its family of solutions.
Led by K.C. Murphy, President and CEO, NextIO has a portfolio of rack-level I/O consolidation products for datacenter network consolidation, GPGPU computing, and high-performance storage. The newest product in its portfolio is the vNET I/O Maestro, which provides server connectivity at the rack level to both Ethernet and Fibre Channel networks without the need for changes in governance models or proprietary, hard to support I/O drivers.
The company’s solutions address datacenter requirements across multiple industry segments including: Enterprise, Oil & Gas, High Performance Computing, Financial Services, Academia, and Government.