Liqid, provider of the world´s most-comprehensive composable infrastructure solutions and services platform, has announced it has raised USD 28 million in Series B funding led by Panorama Point Partners, with participation from Iron Gate Capital, and affiliates of DH Capital, the company said.
The investment brings total company funding to USD 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.
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 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, visit www.liqid.com.