PrimaryIO Raises $5.6M in Seed Funding

We are excited to announce that PrimaryIO has recently raised seed funding of $5.6M from Accel, Exfinity, and Partech Ventures.

The news has been very well-received by the industry and our customers. Our customers are looking forward to accessing new features that will enable them to benefit from public cloud solutions while retaining control and security of their data.

The news has also been well covered by the media.

BWDisrupt quoted Dinesh Katiyar from Accell and Chinnu Senthilkumar, partner, Exfinity Venture Partners, in their coverage:

Dinesh Katiyar, Accel, mentioned, “Cloud computing is disrupting traditional IT at a very rapid pace and creating high growth opportunities. PrimaryIO with its domain expertise is well positioned to benefit from this market trend and we are excited to work with the team”.

Chinnu Senthilkumar, Partner, Exfinity Venture Partners, added “As traditional enterprises and financial institutions look to embrace cloud computing, there is a need for a special computing framework for cloud transformation. PrimaryIO’s technology is designed to work with existing enterprises’ IT infrastructure without compromising performance, security and protocol while allowing them to leverage the cloud computing infrastructure”.

The Economic Times quoted our COO, Vivek Pendharkar, as he described our vision for the product:

Vivek Pendharkar, COO, PrimaryIO said the beta version of the product was currently in customer trials and would be launched within a month. “We work with large enteprises where control over data and data protection is critical to them,” he said. It is initially focusing on customers in healthcare, pharma, insurance and the government space.

Deal Street Asia wrote an article describing how we will use the funds:

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. The company has offices in Pune in India.

The Indian Wire mentioned the funding along with our current industry focus:

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.

 

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