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NextIO Nets $19 Million

Secretive startup NextIO has clinched $18.8 million in Series C funding as it plans to unveil its first I/O virtualization products linking servers and storage.

The round, which was led by Adams Capital Management and Crescendo Ventures, brings NextIO's total funding to $40 million and will be used for bulking up the firm's workforce, particularly in sales, marketing, and support.

"We will be growing from our current 35 people to 50 people," says Chris Pettey, the NextIO co-founder and CTO, explaining that the vendor's first products will be launched with the next two or three months.

The Austin, Texas-based startup, which is backed by Dell, has developed what it describes as a PCI-Express I/O virtualization switch. This can be deployed either as a blade or a rack-mounted device, according to Pettey.

"Our system is designed to take the I/O out of the server and put it at the edge of the blade or the rack," says Pettey, explaining that the solution will share I/O across multiple servers.

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