AUSTIN, Texas -- NextIO, Inc., the leader in I/O virtualization solutions, today announced it closed an $18.8 million Series C funding round. Adams Capital Management and Crescendo Ventures led the round with participation from other inside investors as well as two new strategic investors. The funding will be used by NextIO to further expand its development team and sales channels in preparation for the upcoming release of several virtualization system products in 2008. To date, NextIO has raised nearly $40 million in funding.
The demand for technologies that drive server virtualization will continue to grow in the coming years, said Wayne Cantwell of Crescendo Ventures. NextIO is a pioneer in developing new, more powerful virtualized I/O solutions designed to support all I/O technologies and greatly simplify server management.