infinite io, an Austin, TX-based developer of Network-based Storage Controller, closed a $10.3M Series B funding round.
The round was led by former Motorola CEO and Cleversafe Chairman Chris Galvin, and Chris Galvin’s son David of Three Fish Capital and formerly of IBM. It also includes capital from Chicago Ventures, John Anderson, Dougherty and Company, Equus Holdings, PV Ventures, Dean Drako, founder and former CEO of Barracuda Networks and founder and current CEO of Eagle Eye Networks, Brett Hurt, co-founder and former CEO of Bazaarvoice and current co-founder and CEO of data.world, Bill Miller, co-founder and former CTO of Storage Networks and current CEO of X-IO-technologies.
The company intends to use the new funds to scale operations globally and accelerate adoption among enterprises in media and entertainment, genomics, higher education and research, large-scale website development, and government.
Led by Mark Cree, co-founder and CEO, infinite io provides a Network-based Storage controller which is based on an architecture that responds to metadata requests faster than the most advanced all-flash storage arrays, increasing the performance of existing storage systems. And when that metadata indicates files are no longer being accessed, they are migrated to low-cost cloud storage, without sacrificing security or availability.