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Virtualization: Article

NextIO Gets Another $15m

The money is coming from previous investors including Adams Capital Management, Crescendo Ventures and VentureTech Alliance
By Maureen O'Gara
Article Rating:
June 15, 2009 08:00 AM EDT
Reads:
 2,497

NextIO has picked up a $15 million D round.

NextIO's the six-year-old Texas outfit with the rack-optimized I/O virtualization solutions based on high-performance PCI Express (PCIe) switching technology and the money is supposed to accelerate the delivery of its second-generation Express Connect widgetry.

That gadgetry is supposed to completely virtualize all PCIe I/O so any blade or rack server can access any PCIe I/O device as part of a virtual pool of resources.

The technology, which helps banks of servers operate as a single machine, also speeds server rollout and reduces maintenance.

The money is coming from previous investors including Adams Capital Management, Crescendo Ventures and VentureTech Alliance, as well as other strategic investors.

NextIO has raised about $55 million since it was founded.

Published June 15, 2009 – Reads 2,497
Copyright © 2009 SYS-CON Media, Inc. — All Rights Reserved.
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More Stories By Maureen O'Gara

Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

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