PrimaryIO, a startup which provides storage management services, has announced that it has raised around ₹35 crore ($5.6 million) in order to expedite product development.
The funding comes from Accel Partners, Exfinity Venture Partners and Partech Ventures. The company says that the beta version of the product is in customer trials and would be launched within a month.
The company is currently focusing on customers in healthcare, pharma, insurance and the government space. It creates solutions for enterprise customers who want to leverage the public cloud in collaboration with their investments in on premise cloud and storage solutions.
The startup has established offices in Silicon Valley, California; Pune, India; and Vienna, Austria. It is focused on using its advanced application centric architecture to vastly improve application performance. It provides software solutions to dramatically increase application performance by accelerating I/O throughput via intelligent data service policies.
Its product — PrimaryIO APA 2.0 for VMware, provides an integrated IO analyzer along with a server-side SSD Caching solution to address storage performance problems in VMware-powered data centers.
Founded in 2012, the company was previously known as CacheBox. Later, the startup changed its name to PrimaryIO, which it believes better reflects its dedication to delivering software-defined innovations for accelerating primary data within critical business application.