About IO Turbine
IO Turbine is a Technology company based in San Jose (United States) founded in 2009, and was acquired by Fusion-io in August 2011. Storage management solutions for virtualization are provided by IO Turbine. IO Turbine has raised $7.75 million across 1 funding round from investors including Lightspeed Venture Partners, Fusion-io and Merus Capital. Its focus areas include Enterprise Infrastructure, Enterprise Storage, Storage Management and Storage Caching. Its legal entity is IO Turbine Inc. Its competitors include Qumulo, Smarsh and Portworx; 3 of its 3 listed competitors have raised funding.
Company details
IO Turbine was founded in 2009 in San Jose, United States, focusing on the storage management sector. Hybrid array caching software for flash storage was developed, with awareness for virtualization platforms like VMware. Operations centered on software solutions for data centers. The company was acquired by Fusion IO in July 2011 for 95 million dollars.
- Headquarters San Jose, United States
- Stage Acquired
- SectorsTechnology
- Website ioturbine.com
- Social LinkedIn X
- Acquired by Fusion-io (Aug 2011)
- Legal Name Io Turbine Inc
- Total Equity Funding$7.75M (USD)
in 1 rounds
- Latest Funding Round$7.75M (USD), Series A
Apr 2011
- InvestorsLightspeed Venture Partners
& 2 more
- Acquired byFusion-io
(Aug 2011)
Funding Insights of IO Turbine
IO Turbine has successfully raised a total of $7.75M through 1 strategic funding round. The most recent funding activity was a Series A round of $7.75 million completed in April 2011. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $7.75M
- Total Rounds 1
- Last Round Series A — $7.75M
- First Round $7.75M
(Apr 2011)
- Investors Count 2
All 1 funding rounds of IO Turbine with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2011 | $7.75M | Series A | – | Lightspeed Venture Partners, Merus Capital | – |
3 investors in total: 3 institutional.
Investors in IO Turbine
IO Turbine has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Lightspeed Venture Partners, Fusion-io and Merus Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners. | 1997 | lsvp.com | Menlo Park, United States | |
Seed and early-stage tech investments are made in the US. | meruscap.com | Menlo Park, United States | ||
Enterprise solid-state storage solutions are delivered via PCIe interfaces. | 2006 | fusionio.com | Salt Lake City, United States |
Investor details for IO Turbine
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- Complete investor list
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Timeline of IO Turbine
3 dated milestones of IO Turbine across 2 years, from founding to its latest funding, stage changes and deals.
- Founded IO Turbine is founded.
- Funding First funding round of $7.8M.
- Exit Acquired by Fusion-io.
Competitors of IO Turbine
IO Turbine has 3 listed competitors in our database, 3 of them funded. They include Qumulo, Smarsh and Portworx.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| qumulo.com | 2012 | Seattle, United States | $345.5M | 242 | Enterprise cloud storage management software is provided for various workloads. | |
| smarsh.com | 2001 | Portland, United States | $6.68M | Compliance management solutions for financial institutions' communications are provided. | ||
| portworx.com | 2014 | Redwood, United States | $55.5M | 55 | Provider of a tool for developers and IT Ops to run containerized applications |
Detailed competitors of IO Turbine
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- Full competitor set
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Top companies in IT Services & Operations
3 companies that operate in the same segment as IO Turbine (IT Services & Operations) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud orchestration solutions are provided for multi-cloud and device applications. | 1998 | Palo Alto, California, United States | USD 595.83 M | USD 812.05 M | 8,861 | |
A cloud-based platform for incident management software is provided. | 2009 | San Francisco, California, United States | USD 173.6 M | USD 492.55 M | 4,473 | |
Unified IT management is delivered through a cloud-based platform. | 2004 | Santa Clara, California, United States | USD 83.7 M | USD 13.28 B | 26,290 |
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Related news about Io Turbine
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Frequently Asked Questions about IO Turbine
IO Turbine was founded in 2009 and raised its 1st funding round 2 years after it was founded.
IO Turbine is headquartered in San Jose, United States. It is registered at San Jose, California, United States.
IO Turbine is a funded company, having raised a total of $7.75M across 1 funding round to date. The company's 1st funding round was a Series A of $7.75M, raised on Apr 2011.
IO Turbine was founded in 2009 in San Jose, United States, focusing on the storage management sector. Hybrid array caching software for flash storage was developed, with awareness for virtualization platforms like VMware. Operations centered on software solutions for data centers. The company was acquired by Fusion IO in July 2011 for 95 million dollars.
IO Turbine has 3 investors. Key investors include Lightspeed Venture Partners, Fusion-io, and Merus Capital.
IO Turbine operates through Io Turbine Inc.
Yes. IO Turbine was acquired by Fusion-io in August 2011.