Enterprise IT Hive-IO Raises Series B Funding

Hive-IO closed a Series B round led by Rally Ventures, with participation from Citrix Systems Ventures, Osage Partners, and El Dorado Ventures.

Hive-IO offers a fast, secure cost-effective alternative to VMware and Citrix, along with the ability to deliver high performance and scalable desktops and infrastructure. The company’s goal is to enable businesses to run advanced virtual desktop infrastructure and a variety of other custom workloads without needing substantial capital or hardware investments.

According to the company, the Series B financing enables Hive-IO to accelerate its product development as well as to build out its operations, sales and marketing infrastructure.