New World Ventures has made its largest investment ever, putting $50 million into IO, the leading provider of next-generation modular data center technology and services.
“From the moment we saw this product, we knew it would revolutionize the industry,” said Chris Girgenti, New World Ventures managing partner and newly appointed member of IO’s Board of Directors. Girgenti added: “Designed from the ground up, IO delivers world-class data center infrastructure capacity at substantially lower capital cost, with significantly shorter lead times, while providing industry-leading energy efficiency. Led by a terrific and deep team, IO is set to make some big waves.”
To read more about the financing, click here.
IO designs, engineers and delivers data center infrastructure for the world’s largest enterprises, governments and service providers. IO owns and operates data centers for hundreds of customers, and has leveraged this experience to build a next-generation modular Data Center 2.0 cloud enabling technology platform. IO.Anywhere® modular data centers provide enterprise-class infrastructure that can be delivered as Data Center as a Service and rapidly deployed as a product to customer sites anywhere in the world. IO developed the first data center infrastructure operating system, IO.OS, to provide the intelligent control needed to maximize utilization, resiliency and energy efficiency. IO is a privately held company headquartered in Phoenix, Arizona. For more information on IO, please visit www.io.com.
About New World Ventures
New World Ventures, a member of The Pritzker Group, is a multi-stage venture capital firm helping entrepreneurs build market-leading information technology companies. Since its founding in 1996, the firm has worked side-by-side with entrepreneurs at more than 70 companies by providing a broad network of strategic relationships, advice based on decades of experience, and flexible capital. Recent successful exits include SinglePlatform (acquired by Constant Contact in 2012), Zinch (acquired by Chegg in 2011), and Playdom (acquired by Disney in 2010).