Virtual Storage Performance startup, Infinio raised $10 million in Series A funding from Highland Capital and Bessemer Venture Partners. Founded by Vishal Misra and his group of co-founders, the company aims to "address the most expensive bottleneck in virtual environments: storage performance."

These funds were raised by the Cambridge headquartered company to increase storage performance in virtual environments. The company previously known as SilverLining Systems, will be using the new funding to support additional hiring, product development and marketing in preparation for a product launch later this year.

"The majority of performance problems in virtual environments are storage-related. Storage systems represent a huge portion of IT budgets, and too often, data center managers find themselves buying more hardware in an effort to improve performance, even when they have plenty of storage space. We are building a software product that will help solve that problem," says Arun Agarwal, CEO, Infinio.

Founded in 2011, the company has so far raised a total funding of $12 million and the new investors will join Lightspeed Venture Partners, Cambridge’s Founder Collective, The NYC Seed Fund and a Group of Angels who had invested $2 million in the company. Dalton and Bessemer’s Felda Hardymon have both joined the company’s board of directors.