Monday, May 16, 2011

NextIO Raises $8.8M

Austin-based NextIO, the developer of virtualization products for the data center market, has raised $8.8M in a funding round, according to a regulatory filing from the firm. Details on the funding have not been announced by the company. The filing indicates the round is not yet closed, and is targeted at $12.2M. NextIO is venture backed by Adams Capital Management, Crescendo Ventures, Dell Ventures, JK&B Capital, and VentureTech Alliance, and is headed by K.C. Murphy. The additional funding brings the firm's total raised to over $62.6M. More information »