Downloadable storage performance
Cambridge-based Infinio announced Monday it has reeled in $12 million in Series B. The capital will be put toward expanding the startup's cardinal product: a downloadable software that boosts data storage performance in the virtualization environments.
Existing investors Bessemer Venture Partners, Highland Capital Partners, Lightspeed Venture Partners and Osage University Partners all returned to participate in the round.
The Series B comes just short of a year after Infinio raised its $10 million Series A. Monday's round brings the startup's total funding to $24 million.
The company launched its product commercially in November, scoring its first paying customer, Hancock Fabrics.
