Cambridge software company Infinio raises $10m in Series A funding
Infinio, a Cambridge company formerly known as SilverLining Systems, said Tuesday that it has closed a $10 million Series A investment from Highland Capital Partners and Bessemer Venture Partners, bringing total funding to date to $12 million.
Infinio says it is looking to develop software that to address the most expensive bottleneck in virtual environments: storage performance.
‘‘The majority of performance problems in virtual environments are storage-related,’’ Arun Agarwal, Infinio’s CEO, said in a statement. ‘‘Storage systems represent a huge portion of IT budgets, and too often, data center managers find themselves buying more hardware in an effort to improve performance, even when they have plenty of storage space. We’re building a software product that will help solve that problem.’’
Highland’s Sean Dalton and Bessemer’s Felda Hardymon have joined the company’s board of directors, Infinio said.Chris Reidy can be reached at email@example.com.