IO Turbine Obtains $7,750,000 New Financing Round

  • Feed Type
  • Date
    4/20/2011
  • Company Name
    IO Turbine
  • Mailing Address
    3031 Tisch Way San Jose, CA 95128
  • Company Description
    Our approach makes the most of Flash storage to transparently and significantly accelerate virtualized application performance while lowering costs, complexity and providing outstanding ROI – without sacrificing the benefits that virtualization provides.
  • Website
    http://www.ioturbine.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $7,750,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The company launched its service concurrent with the funding announcement.
  • M&A Terms
  • Venture Investor
    Lightspeed Venture Partners
  • Venture Investor
    Merus Capital
  • Venture Investor
    Undisclosed

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  • VC

    More precisely there was two rounds of funding to get $7.75 million.

    The first one was at $1.5 million from Andy Bechtolsheim and David Cheriton.