Liqid Secures $10 Million in Series A Funding, Raising $20 Million to Date to Deliver Transformative Composable Infrastructure for the Modern Datacenter

The Company Will Use Funding to Expand Engineering Talent and Accelerate Sales and Marketing as it Prepares for GA of Its Liqid CI Platform

LAFAYETTE, Colo.--()--Liqid Inc., leading provider of on-demand composable infrastructure (CI) technologies, announced today that it has secured $10 million in Series A funding led by Marker Hill Capital, joined by existing investor and strategic partner, Phison Electronics Corporation. Along with previous seed funding from Kingston Technology, Phison Electronics, ABR Capital Management and DH Capital, the company has now raised $20 million to drive the future of composable infrastructure (CI) architecture in the datacenter. Liqid will use the funding to accelerate development of its flagship Liqid CI platform for 2017 general availability, recruit additional engineering talent, and drive its sales and marketing efforts to meet growing demand for the company’s innovative approach to datacenter resource agility.

“The Liqid CI Platform enables the kind of data agility IT users require, providing unprecedented ability to scale infrastructure resources to meet demand and instantly reprovision when their needs change.”

“Traditional approaches to datacenter architecture have fallen short of addressing the growing need for data agility and infrastructure flexibility and efficiency. Liqid has risen to the challenge by delivering the world’s first truly composable infrastructure, offering a timely revolution in infrastructure that enables IT users to pool and deploy compute, networking, data storage, and graphics processing at the bare-metal server level,” said Tom Juracek, Managing Director, Marker Hill. “The Liqid CI Platform enables the kind of data agility IT users require, providing unprecedented ability to scale infrastructure resources to meet demand and instantly reprovision when their needs change.”

The Liqid CI Platform exponentially increases business agility by allowing IT administrators to fully automate their infrastructure resources to meet the demands of both legacy and modern software while scaling and composing on demand to accommodate the latest business critical applications.

Datacenter architectures have seen significant advances with the advent of the cloud era but have remained shackled by the motherboard/chassis paradigm, which locks resource allocation to the point of purchase. Through innovations in low-latency fabrics and intelligent software, the Liqid CI Platform addresses this painful and costly limitation by leveraging pools of compute, networking, data storage, and graphics processing residing on the PCI-express (PCIe) fabric, managed by Liqid CI software, to deliver transformative results.

With the Liqid CI Platform built on disaggregated resource pools, users are finally freed from the restrictions of the motherboard/chassis configuration that has remained one of the final physical limitations of the digital world. Datacenter resources can now communicate natively via Liqid Grid, Liqid’s PCIe-based fabric switch. Liqid CI software allows IT users to orchestrate resources as needed and instantly reallocate physical resources as business needs change.

“We are excited and humbled that these incredible partners have recognized the unparalleled value that Liqid CI presents the market,” said Jay Breakstone, CEO, Liqid. “With a strong technological foundation and some of the most talented engineering and business professionals in the business, we are eager to use this funding to expand our team, refine our industry-leading CI offering, and educate the marketplace on the value of the unprecedented data agility that the Liqid CI platform brings to modern datacenter architecture.”

Liqid has existing OEM partnerships with the world’s largest provider of memory products, Kingston Technology, and cloud computing total solutions provider Inspur. To learn more, contact the Liqid team at info@liqid.com or visit www.liqid.com.

About Liqid

Liqid delivers unprecedented infrastructure agility, marking the next evolution in data center technology. As a global leader in composable infrastructure (CI), Liqid’s open platform allows users, either manually or through policy-based automation, to effortlessly manage and configure “physical,” bare-metal server systems in seconds. Liqid’s software and hardware work in harmony allowing users, for the first time, to configure their physical server infrastructure on-the-fly. In this way, Liqid enables organizations to adapt to technological and business changes in real time and fully maximize opportunities in today's digital economy. For more information, contact the Liqid team at info@liqid.com or visit www.liqid.com. Follow Liqid on TwitterLinkedIn and Google+.

Contacts

Liqid
Robert Brumfield, 917-224-7769
robert.brumfield@liqid.com

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