Enterprise storage management firm PrimaryIO has raised $5.6 million in a seed round with investment from Accel, Exfinity Ventures and Partech Ventures. The fresh funds will be used for product development. The company is headquartered in Silicon Valley, and also has offices in Pune and Germany.
The startup provides software for storage management, especially for virtualized (or cloud) data centers. It’s software mainly looks at managing data center capacity, cost & performance issues, storing and retrieval of data from a public cloud architecture while retaining control & security of an enterprise’s data. It also enables virtualized applications, or enterprise apps running on the cloud to function under VMware environments.
An ET report said that the company is currently testing a new beta version of its software with multiple clients and plans to roll it out within a month. PrimaryIO will focus on companies in healthcare, pharma, insurance and the government segment. It was founded by Kumar Ganpathy who is currently the CEO and Vijay Karamcheti, who has taken up the CTO position in the startup.
Competition
Some major cloud data centers and storage operators in India include
- NTT Docomo: In July it set up and Indian subsidiary NTT Communications India Network Services (NTTCINS) with $160 million investment.
- Alibaba: Offered under the “Alibaba Cloud” brand, the Group said it will set up data centers and managed cloud solutions for businesses in India by opening two new cloud data centers in Mumbai and Jakarta.
- Amazon: It’s Mumbai data centers under its AWS platform went operational in February after the announcement in June last year.
- Microsoft already has already deployed 3 cloud data centres under it Azure Cloud services in India that went live in September 2015. The sites include Pune, Chennai, and Mumbai.
- IBM also set up its “public” cloud center in Chennai in October last year. It has another data center in Mumbai as well.
- CloudFlare also owns three data centers in Mumbai, Chennai and New Delhi, and plans on setting up more nodes in the future.
