Liqid Announces $28 Million Series B Funding to Deliver Industry-leading Composable Infrastructure Solutions
Amid Record Revenue and Deployments, Panorama Point Partners Leads Funding Round to Ramp Liqid’s Business-critical Functions for Accelerated Growth
November 13, 2019 09:00 AM Eastern Standard Time
BROOMFIELD, Colo.–(BUSINESS WIRE)–Liqid, provider of the world’s most-comprehensive composable infrastructure solutions and services platform, today announced it has raised $28 million in Series B funding led by Panorama Point Partners, with participation from Iron Gate Capital, and affiliates of DH Capital.
The investment brings total company funding to $50 million. Liqid recently doubled quarter-over-quarter revenue, with record profit, and a record number of customers and deployments of its comprehensive composable infrastructure solutions.
Liqid will use the funding for accelerated growth, increasing budgets for personnel in operations, sales, marketing, engineering, and other business-critical functions. The funding enables Liqid to address the needs of an expanding number of industry verticals that benefit from software-defined adaptive architectures.
“Liqid brings a fresh, critical perspective to the old problem of data center resource inefficiency, delivering a powerful, adaptive platform to dramatically increase resource utilization and reduce operational footprints and associated costs,” said Stephen J. George, Managing Partner, Panorama Point Partners. “We look forward to working with Liqid to amplify its value proposition and increase market presence, while improving customers’ architectural flexibility, time-to-market operations, and the speed at which IT organizations can support informed business decisions.”
Innovative, Award-winning Solutions, Aggressive Collaboration & Partnership Strategies
Constantly-evolving, mission-critical workloads in artificial intelligence, machine learning, cloud computing, and 5G/IoT are quickly pushing legacy hyperconverged, highly virtualized data center architectures to a breaking point. Liqid was founded to optimize the resources in these environments, enabling previously static resources to be shared dynamically through software, dramatically improving data center efficiency.
Liqid pioneered fabric-based composable infrastructure solutions to deliver the most-comprehensive platform in the marketplace. With Liqid, IT users can build dynamic, bare-metal servers on demand through software, and compose across all major fabric types, including PCIe Gen 3, PCIe Gen 4, Ethernet, and Infiniband. Liqid’s Command Center orchestration software enables those servers to be configured as needed via policy-based provisioning from pools of industry-leading, disaggregated hardware resources, including NVMe storage, GPU and FPGA data accelerators, Intel® Optane™ memory technology, CPUs, and networking devices. These resources can be reconfigured and built out as required, substantially increasing utilization and reducing hardware sprawl.
Liqid maintains OEM agreements, technology partnerships, and is engaged in innovative collaborations with industry leaders including Dell Technologies OEM & IoT Solutions, Inspur Systems, NVIDIA, Phison Electronics Corps., One Stop Systems, Inc., Toshiba Corporation, Marvell Technology Group Ltd., Intel Corporation, Orange Silicon Valley, Jabil Inc., KingstonDigital, Inc., and other leading IT providers.
“As traditional computing environments falter under the demands of AI-centric, dynamic applications driving economic expansion, Liqid’s innovation in composable infrastructure provides a comprehensive platform to optimize and efficiently architect data centers to address the evolving requirements of a data-rich world,” said Sumit Puri, CEO and Cofounder, Liqid. “We are grateful to Panorama Point Partners and all our investors, customers, and partners for believing in the Liqid platform’s ability to deliver the foundation for an adaptive and agile data center to meet the rapidly evolving IT challenges of businesses across industry verticals.”
Liqid is recognized as an Ernst & Young Entrepreneur of the Year 2019 – Mountain Desert, Built In Colorado’s 50 Startups to Watch 2019, 2018 Gartner Cool Vendor in Cloud Infrastructure, 2018 Red Herring Top 100 winner, among other prestigious industry acknowledgements.
Go to www.liqid.com to schedule a demo and discuss the latest Liqid composable solutions and services and download the free analyst report on Liqid composable infrastructure solutions from The Evaluator Group. Follow Liqid on Twitter and LinkedIn to stay up to date with the latest Liqid news and industry insights.
Liqid provides the world’s most-comprehensive software-defined composable infrastructure platform. The Liqid Composable platform empowers users to manage, scale, and configure physical, bare-metal server systems in seconds and then reallocate core data center devices on-demand as workflows and business needs evolve. Liqid Command Center software enables users to dynamically right size their IT resources on the fly. For more information, contact [email protected] or visit www.liqid.com.
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