Enterprise storage management company PrimaryIO has raised $5.6 million in seed financing. Accel Partners, Partech Ventures, and Exfinity Venture Partners participated in the latest round.
The Silicon Valley-based startup develops software solutions for enterprise customers who want to leverage the public cloud to increase application performance in a cost effective and least disruptive way. It also enables virtualized applications, or enterprise apps running on the cloud to function under VMware environments.
According to the company, this new investment will be used 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.
ET reports that PrimaryIO’s beta version of the product is currently in customer trials and would be launched within a month. It is initially focusing on customers in healthcare, pharma, insurance and the government space.
In 2015, CacheBox was renamed as PrimaryIO, claiming to better reflect its dedication to delivering software-defined innovations for accelerating the most essential primary data within critical business applications. Additionally, the company’s flagship product, CacheAdvance, was called PrimaryIO APA for Windows and Linux. PrimaryIO APA offers application-centric I/O acceleration that delivers over 2x the performance of traditional solutions.