# PrimaryIO

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

- Industry: Software
- Headquarters: San Carlos, US
- Website: www.primaryio.com
- Total disclosed funding: $5.6M
- Latest round: Seed (Aug 25, 2017)
- Investors on record: 3

## About

PrimaryIO, Inc. provides cloud migration and data protection solutions that enhance management of virtual machines across on-premises and cloud environments, focusing on optimizing enterprises’ cloud journeys.Founded in 2012, PrimaryIO, Inc. is based in San Carlos, US, and specializes in cloud migration and data protection services. The company has raised USD 5.6 mn in SEED funding from investors including Accel, Exfinity Venture Partners, and Partech. Lorenzo Salhi is the founder, and the current CEO is Vivek Pendharkar. Their most recent deal was completed on August 25, 2017, with a total amount raised of USD 5.6 mn.PrimaryIO specializes in cloud migration and data protection solutions designed to enhance the management of virtual machines (VMs) across both on-premises and cloud environments. The company’s core offerings, including ProtectIO (a Disaster Recovery as a Service - DRaaS), RecoverIO (a Recovery as a Service - RRaaS), and ConvertIO, facilitate seamless relocation and protection of VMs, aiming to reduce reliance on VMware infrastructure. These solutions target enterprises seeking to optimize their cloud journeys by ensuring continuous data protection, workload mobility, and accessibility. PrimaryIO’s technology appeals primarily to businesses in the technology, finance, and healthcare sectors, with a focus on clients looking to migrate workloads to platforms such as IBM Cloud. The company operates in North America and Europe, catering to organizations that require robust disaster recovery and cloud migration services.PrimaryIO generates revenue through a subscription-based model focused on its suite of cloud migration and protection services. Clients typically engage with the company for long-term service contracts, which include ongoing support and management from their Cloud Center of Excellence. Transactions may involve direct partnerships with enterprises, structured around customized service agreements that align with specific client needs. The flagship product offerings, ProtectIO and RecoverIO, form the basis of these agreements, allowing clients to secure their data with continuous protection while optimizing their cloud infrastructure. The pricing structure for these services is tailored to the scale and complexity of the client’s requirements, ensuring that businesses receive comprehensive support for their cloud transformation initiatives.PrimaryIO plans to leverage its recent SEED funding of USD 5.6 mn to develop new product offerings aimed at enhancing cloud migration and data protection. The company is also considering expansion into additional markets in Europe and aims to establish a presence there by the end of 2023. With a focus on continuous innovation and market penetration, PrimaryIO’s future strategies are designed to strengthen its position in the cloud services space.

## Funding rounds

- Seed, Aug 25, 2017, $5.6M — Accel, Partech Partners, Exfinity Venture Partners

## Investors

- Accel (https://capitalatlas.ai/funds/accel) — Seed
- Partech Partners (https://capitalatlas.ai/funds/partech-partners) — Seed
- Exfinity Venture Partners (https://capitalatlas.ai/funds/exfinity-venture-partners) — Seed