Hive-IO, run by former Devon IT CEO Joe Makoid, gets Series B funding from Citrix, Osage

Tom Paine


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Hive-IO, a startup focused on software-defined infrastructure, announced Tuesday it had completed its Series B Round of financing led by Rally Ventures with Citrix Systems, Inc., Osage Venture Partners (OVP), and El Dorado Ventures participating.

Hive-IO, based in New York, definitely has a Philly-like feel to it. Joe Makoid, former CEO of King of Prussia-based Devon IT, is Hive-IO's CEO as well as a founder. And with Osage's participation, Nate Lentz, Managing Partner at OVP joined the Hive-IO Board of Directors.

In July, Hive-IO announced it has acquired "certain assets" of Atlantis Computing, another player in software-defined infrastructure.

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