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Follow The Money: 13 Tech Venture Capital Investments In September

Venture funding continues to flow to IT startups, especially in the areas of security and Software-as-a-Service applications. Here's a look at 13 financing announcements that caught our attention.

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Infinite io

Headquarters: Austin, Texas

CEO: Mark Cree

New Funding: $3.4 million

Round: Venture Round

Backers: Chicago Ventures

Infinite io develops network-based storage controller technology that migrates inactive data to low-cost public or private cloud storage, a move the company said can reduce storage costs by up to 80 percent and improve the performance of actively used data.

The company plans to use the new funding to expand its customer support operations and support its go-to-market partners.

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