Startup InfiniteIO’s domain name is up for sale: $75,000 and it’s yours. This comes two months after its server kit was listed for sale at a Texas auction. The company has closed down, a co-founder confirmed to Blocks and Files.
Update: CEO note added. 21 May 2021.
InfiniteIO offered accelerated access to files with its NAS metadata server speeding file:folder and other file metadata operations. This meant a speeding up of access to actual file data. It developed this into tiering software, running in an appliance, that moved cold files into cloud object storage and allowed user to access them more quickly.
It was founded in Austin, Texas, in 2012 by CEO Mark Cree, VP Operations David Sommers, VP Engineering Jay Rolette and principal engineer Chris Richards. Jay Rolette said today: “Unfortunately, InfiniteIO shut down about 6 months ago.”
InfiniteIO gained $3.4m in A-round funding in 2015, and $10.3m B-round cash in 2018: a total of $13.7m. We are told that InfiniteIO could not develop a virtual machine version of its software and this made customers perceive its incorporation into a hybrid cloud model as being difficult.
Cree told us in post-publication mail: “We landed a HUGE government opportunity that was put on indefinite hold due to Covid that would have set the company on a course to quickly ramp and add funding. Selling an on-premise appliance was like being in the cruise-ship business during Covid. And our virtual appliance that was under development could not be completed before the money ran out. Timing is everything in the startup business.”
Server equipment from InfiniteIO was auctioned off on March 26 according to an Auction Factory Texas note.
All-in-all it’s a sad end for a company that started out with high hopes and good technology.