Folio Photonics Inc.
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Folio Photonics Inc. - overview
Established
2012
Location
Solon, OH, US
Primary Industry
Hardware
About
Folio Photonics Inc. develops advanced data storage solutions, specializing in immutable active archive technology that enhances data security while cutting costs. Founded in 2012, Folio Photonics Inc. is based in Solon, US.
The company specializes in innovative data storage solutions, having completed a total of 7 deals as of April 2023. Ken Singer is the founder, and Steven Santamaria serves as CEO. In April 2023, the company raised USD 2. 76 mn in a VENTURE DEBT funding round, part of a total of USD 5.
22 mn raised to date. Folio Photonics specializes in providing an enterprise-scale, immutable active archive solution designed to meet the escalating demands of data storage. Their flagship product leverages advanced materials science and dynamic multi-layer read/write capabilities, which enhance data security and significantly reduce storage costs. This innovative solution targets organizations across various sectors, including finance, healthcare, and media, offering scalable storage solutions to address long-term data management strategies, facilitating efficient data archiving and retrieval.
Folio Photonics generates revenue through B2B transactions, primarily by partnering with and selling directly to enterprise clients. Their client base includes large organizations that need reliable data storage solutions. The pricing structure for their services involves contractual agreements that cover installation, maintenance, and ongoing support for their active archive systems, with terms tailored to meet specific client needs based on data volume and service levels. In April 2023, Folio Photonics Inc.
raised USD 2. 76 mn in VENTURE DEBT funding as part of a larger USD 5. 22 mn funding initiative. The company intends to utilize this funding to expand its product offerings and enhance its active archive solutions.
Plans are in place to target new markets and geographic regions, focusing on sectors that are facing rapid data growth. Specific release dates for upcoming products have not been disclosed, but the company aims to address increasing demands in data management and compliance across their client base.
Current Investors
Capital One, Refinery Ventures
Primary Industry
Hardware
Sub Industries
Data Centers, Storage
Website
www.foliophotonics.com
Verticals
Manufacturing
Company Stage
Angel & Seed
Total Amount Raised
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Folio Photonics Inc. - employee data
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