Tech Company Financing Transactions
IO Turbine Funding Round
IO Turbine, operating out of San Jose, received $7.8 million in investment from Lightspeed Venture Partners, Merus Capital and private investors.
Transaction Overview
Company Name
Announced On
4/20/2011
Transaction Type
Venture Equity
Amount
$7,750,000
Round
Undisclosed
Investors
Lightspeed Venture Partners (Lead Investor) (John Vrionis)
Proceeds Purpose
The company launched its service concurrent with the funding announcement.
Company Information
Company Status
Acquired or Merged
Industry
Enterprise IT
Mailing Address
3031 Tisch Way 450
San Jose, CA 95128
USA
San Jose, CA 95128
USA
Phone
Website
Email Address
Overview
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.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Richard Boberg
Chief Technical Officer
Vikram Joshi
VP - Engineering
Sunil Joshi
VP - Marketing
Bruce Clarke
VP - Sales
Jay Phillips
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