Data center startup Liqid scores $28M Series B to grow its software-defined composable infrastructure platform
Liqid, a data center automation startup that provides software-defined composable infrastructure solutions, has raised $28 million Series B funding to accelerate growth, increase budgets for personnel in operations, sales, marketing, engineering, and other business-critical functions.
The round, which brings the total company funding to $50 million, was led by Panorama Point Partners, with participation from Iron Gate Capital, and affiliates of DH Capital. The funding proceeds will also enable Liqid to address the needs of an expanding number of industry verticals that benefit from software-defined adaptive architectures.
Founded in 2013 by Bryan Schramm, Jay Breakstone, Scott Cannata, and Sumit Puri, The Broomfield, Colorado-based 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 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.”
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.
“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.”