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

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b7d76a19-f85d-45a0-a32c-6e57f9b6503e&Preview=1
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