HiveIO

HiveIO, established in 2015 by co-founders Kevin McNamara and Ofer Bezalel, operates in the enterprise cloud computing and virtualization market. The founders' journey originated from their experience at JP Morgan, where McNamara, as head of cloud computing, and Bezalel were tasked with building a large-scale, next-generation cloud. This experience managing vast virtual desktop infrastructure (VDI) highlighted significant inefficiencies and costs associated with traditional storage and management, leading them to found HiveIO with the goal of simplifying cloud computing and reducing costs.

The company's core offering is Hive Fabric, a software-defined infrastructure platform that provides a comprehensive solution for virtualization, encompassing hyperconverged infrastructure (HCI), VDI, virtual servers (VSI), and edge computing. Built on the open-source KVM hypervisor, Hive Fabric integrates compute, RAM-based and hyperconverged storage, and software-defined networking into a single platform, designed to run on industry-standard x86 servers. This all-in-one approach aims to simplify deployment and management, which contrasts with multi-vendor solutions. The platform serves a range of clients, from small businesses to large enterprises, in sectors such as banking, finance, healthcare, and manufacturing. Revenue is generated through a proprietary licensing model for its software.

A significant milestone in HiveIO's history was the acquisition of technology assets from Atlantis Computing in July 2017. This strategic move expanded HiveIO's portfolio with advanced software-defined storage capabilities, crucial for enhancing its VDI and hyperconverged solutions by eliminating the need for expensive SAN and NAS hardware. The acquisition was supported by a Series B funding round in October 2017, led by Rally Ventures and including Citrix Systems, Osage Venture Partners, and El Dorado Ventures. This funding was intended to accelerate product development and expand sales and marketing infrastructure. One of the platform's key features is the ability to leverage RAM as a high-performance storage tier, which significantly improves the end-user experience in VDI environments. Other features include a centralized management interface, a secure access gateway with multi-factor authentication support, and a proactive cloud-based monitoring service called Hive Sense.

Keywords: virtualization, hyperconverged infrastructure, HCI, VDI, software-defined storage, SDS, private cloud, data center virtualization, edge computing, KVM hypervisor, Hive Fabric, enterprise IT, cloud infrastructure, virtual server infrastructure, VSI, software-defined networking, infrastructure as a service, IaaS, desktop virtualization, Atlantis Computing, datacenter to the edge