# OpenIO

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/openio

- Industry: Software
- Headquarters: France
- Website: www.openio.io
- Total disclosed funding: $3.3M
- Latest round: Series A (Dec 11, 2017)
- Investors on record: 3

## About

OpenIO SAS is a French company specializing in software-defined storage solutions, aimed at addressing modern data management challenges across various sectors, including media, healthcare, and research.Founded in 2015 in France, OpenIO SAS provides a scalable object storage platform designed for cloud storage, data archiving, and media asset management. The company was acquired by OVH SAS in July 2020 from its previous investors, including Partech Partners and Elaia Partners. OpenIO has completed a total of 3 deals, with its latest funding round being a Series A that raised EUR 2.80 mn, valuing the company at EUR 9.64 mn.OpenIO specializes in software-defined storage, offering a scalable object storage platform for cloud storage, data archiving, and media asset management. Their solutions cater to various industries, enabling efficient management of unstructured data across on-premises, hybrid, and multi-cloud environments. OpenIO primarily serves clients in North America and Europe, focusing on enhancing data accessibility and reducing storage costs for organizations.OpenIO operates on a subscription-based revenue model, generating income from licensing fees for software solutions, annual subscriptions, and support services. The company’s business transactions primarily occur in a Business-to-Business (B2B) context, where enterprises directly engage with OpenIO to implement their storage solutions and related services.OpenIO plans to leverage its latest funding from the Series A round to enhance its product offerings and expand into new markets. The company aims to design and launch additional storage solutions to meet evolving customer needs, although specific release dates remain undisclosed. Following its acquisition by OVH SAS in July 2020, OpenIO is expected to utilize its resources to strengthen its presence in North America and Europe, targeting strategic growth in these regions.

## Funding rounds

- Series A, Dec 11, 2017, $3.3M — Partech Partners, Elaia Partners, Nord France Amorcage

## Investors

- Partech Partners (https://capitalatlas.ai/funds/partech-partners) — Series A
- Elaia Partners (https://capitalatlas.ai/funds/elaia-partners) — Series A
- Nord France Amorcage — Series A