February 13, 2013
Startup Infinio, a developing software company based in Cambridge, recently declared that they raised a series A round of founding amounted at $ 10 million. The round of funding was led by the new investors Highland Capital Partners and Bessemer Venture Partners.
Infinioâ€™s officials declared that the software that it produces is designed to address issues around storage performance, called â€œthe most expensive bottleneck in virtual environmentsâ€ by the startup.
The total amount of Infinioâ€™s funding sums up to $ 12 million since it was founded. Other investors took part in the series A round of funding, such as a group of angel investors, the NYC Seed Fund, Founder Collective and Lightspeed Venture partners.
As a result of the investment Sean Dalton from Highland and Felda Hardymon from Bessemer joined the board of directors of Infinio. The company aims at growing to 30 employees by the end of the year, having only 20 so far.