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Storage management startup PrimaryIO raises $5.6M in seed round

Enterprise storage management firm PrimaryIO has raised $5.6 million in a seed round with investment from Accel, Exfinity Ventures and Partech Ventures. The fresh funds will be used for product development. The company is headquartered in Silicon Valley, and also has offices in Pune and Germany.

The startup provides software for storage management, especially for virtualized (or cloud) data centers. It’s software mainly looks at managing data center capacity, cost & performance issues, storing and retrieval of data from a public cloud architecture while retaining control & security of an enterprise’s data. It also enables virtualized applications, or enterprise apps running on the cloud to function under VMware environments.

An ET report said that the company is currently testing a new beta version of its software with multiple clients and plans to roll it out within a month. PrimaryIO will focus on companies in healthcare, pharma, insurance and the government segment. It was founded by Kumar Ganpathy who is currently the CEO and Vijay Karamcheti, who has taken up the CTO position in the startup.

Competition

Some major cloud data centers and storage operators in India include

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© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ