GigaIO Secures $4.5 Million Series A Financing Round Led by Mark IV Capital

CARLSBAD, Calif., Sept. 25, 2018 /PRNewswire/ -- GigaIO, Inc. , an innovator of data center network architecture and connectivity solutions, today announced the closing of a Series A funding led by Mark IV Capital Inc. The company will use the funding to accelerate product development of the GigaIO Fabrextm platform for availability in Q4 2018 and to expand sales and marketing.  

"GigaIO's offering is well-timed to meet the rapidly increasing demand in applications that require high-performance, software-defined infrastructure (SDI) at an affordable price," said Michael Beaudoin, investment manager for Mark IV Capital, Inc. "This technology reduces costs by significantly improving resource utilization. Over the last year, the GigaIO team has transformed a unique vision into a reality, and we look forward to watching their growth as the Fabrex platform disrupts the data center network market."

The GigaIO Fabrex platform is a hyper performance network, delivering industry-leading low latency and high bandwidth. Fabrex technology fulfills user demands for greater flexibility, utilization and cost reduction through bare-metal disaggregation of all hardware elements into dynamically reconfigurable resource pools. Instead of users needing to shoehorn their applications into fixed assets, the system allocates the workload's required resources.

"The days of high cost and proprietary network topologies are over. Our investors recognize the unique value GigaIO brings to the advanced scale computing community in terms of performance and flexibility," said Alan Benjamin, CEO and president of GigaIO. "GigaIO has outstanding engineering and business professionals coupled with a solid and strong technological foundation. This funding enables us to expand our team, bring our game-changing interconnect performance and agile solutions to the marketplace and to radically disrupt the status quo of data center networks."

About GigaIO
GigaIO provides game-changing hyper performance for advanced scale computing, giving users the flexibility to create exactly the system they need. The result is optimized performance and reduced total cost of ownership. With the innovative GigaIO Fabrextm architecture, data centers can scale up or out the performance of their systems, preserving their existing investment while adding the newest and latest capabilities. For more information, contact the GigaIO team at [email protected] or visit www.gigaio.com.

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SOURCE GigaIO