OpenIO Secures $5 Million

Enterprise IT startup OpenIO announced the completion of $5 million in financing led by Elaia Partners, Partech Ventures, and Nord France Amorcage.

OpenIO specializes in software-defined storage and scalability challenges with open-source technology to help businesses build hyper scalable storage infrastructures with integrated compute capabilities. It simplifies the stack, makes the most of available resources, and takes a “different approach” when it comes to next-generation applications like machine learning and industrial IoT.

∪OpenIO will use the new funding to expand its team, consolidate the EMEA market, and develop new markets in the U.S. and Japan.