Austin-based Infinite Io Raises $10.3 Million in Funding

Infinite io, an Austin-based data story startup, announced this week it has raised $10.3 million in funding.

Former Motorola CEO and Cleversafe Chairman Chris Galvin and his son, David Galvin of Three Fish Capital, led the investment. It also included participation from Chicago Ventures, John Anderson, Dougherty and Company, Equus Holdings and PV Ventures. The round also included investment from Dean Drako, founder and former CEO of Barracuda Networks and founder and CEO of Eagle Eye Networks, Brett Hurt, co-founder and former CEO of Bazaarvoice and current co-founder and CEO of data.world and Bill Miller, co-founder and former CTO of Storage Networks and current CEO of X-IO-technologies.

“infinite io is disrupting the data storage industry with an unheard-of value proposition: lowering overall storage costs by transparently migrating inactive data to a cloud, while also providing record-breaking performance for data that is in use,” Mark Cree, co-founder, and CEO of infinite io, said in a news release. “We are proud to welcome this exceptional group of investors onboard as we begin the journey to completely rewrite the rules in data management and performance optimization.”

The company plans to use the funding to scale its operations globally. Its customers are in a variety of industries including media and entertainment, genomics, higher education and research, large-scale website development and government.

Infinite io has created a data management system that increases performance and provides for lower cost storage for companies and government agencies. Founded in 2012, infinite io has raised nearly $14 million to date, according to CrunchBase.

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