YBLTV: What is it the company does?
OpenIO: OpenIO is an open source object storage software. Object storage is the technology used by companies such as Google, Facebook or Netflix to store files we use everyday. OpenIO enables companies to store massive amount of data in a smart and unique way, reducing cost and enhancing the way they can make money from it.
YBLTV: What inspired the company to start-up?
OpenIO: The idea of an Object Storage solution came up while we were working on large European storage projects, where data was exploding at an exponential pace. We realized that traditional storage was simply overwhelmed by this flow of data.
For the past 10 years we’ve architected, delivered & supported systems with Petabytes of files, with remarkable stability and uptime. We rapidly realized the potential of the technology we developed. It could be used everywhere billions of files needed to be quickly, simply and affordably stored. This is how OpenIO is born, and this is today our mission statement.
YBLTV: How did you go about starting up, did you apply for funding or did you self-fund the project? If so, where did you secure funding from?
OpenIO: The company was created when a team of Storage Engineers passionate about designing and running large scale storage platforms, crossed paths with a serial entrepreneur who was involved in many successful companies. The company is privately funded.
YBLTV: Where do you get advice, support and/or help?
OpenIO: We can count on successful external entrepreneurs that advise OpenIO in its positioning and development. The company has also been selected to participate in an accelerator program called ubi i/o that helps startups to develop and to expand in the U.S.
YBLTV: What has been your biggest challenge so far?
OpenIO: As a new company, the biggest challenge was to win our first customers.
YBLTV: What is your next big target?
OpenIO: Our next big target is to make people understand that OpenIO can help them to reduce their storage costs by 70% and to enhance the way they can make money from their data.
YBLTV: What is the best and worst thing about being a start-up?
OpenIO: Good: Being involved in a captivating project. Being free to do our own choices to develop the company and to choose our own way.
OpenIO: Wrong: Everything has to be done at the same time.
YBLTV: What makes this idea different?
OpenIO: At OpenIO, we go beyond object storage benefits and we provide a new way to build backend services for your applications. Data is crucial for your business as it holds the value of your company. You need to handle any type of data and provide new usages for your users.
YBLTV: Who would be your dream customer?
OpenIO: Apple – Google – Facebook.
YBLTV: How do you see the broadcast / media landscape evolving in 2016 and beyond?
OpenIO: Media companies will continue to manage more and more data, and if you think about it, it is all gonna get worse, as data stored worldwide is doubling every 18 months. We believe that OpenIO will help those companies to keep-up with this challenge.
Connect with OpenIO:
Business Name: OpenIO
Owner Name: Marie Ponseel