OpenIO
Financials
Estimates*
EUR | 2018 |
---|---|
Revenues | <1m |
Source: Dealroom estimates
Date | Investors | Amount | Round |
---|---|---|---|
* | $5.0m | Early VC | |
N/A | Acquisition | ||
Total Funding | CAD6.8m |
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Recent News about OpenIO
EditOpenIO is a software-defined, open-source object storage solution designed for Big Data, High-Performance Computing (HPC), and Artificial Intelligence (AI) applications. Operating in the storage solutions market, OpenIO serves enterprises that require scalable and high-performance data storage. The company's core product is its object storage software, which can be deployed on-premises, cloud-hosted, or at the edge, providing flexibility in infrastructure management. OpenIO's unique selling proposition lies in its distributed grid architecture and self-learning technology, which allows for infinite and instant scalability without the need for mandatory data rebalancing. This ensures consistent high performance even during scaling operations. The solution is S3 compatible and supports any hardware mix within the same cluster, offering real Total Cost of Ownership (TCO) savings. OpenIO generates revenue through software licensing and support services, catering to industries that handle large volumes of data and require efficient storage solutions. Key benefits include optimized performance for Big Data, seamless integration with existing HDFS infrastructures, and a modular design that enhances efficiency and scalability.
Keywords: object storage, Big Data, HPC, AI, scalability, S3 compatible, distributed grid, self-learning, TCO savings, modular design.