This is a Press Release edited by StorageNewsletter.com on 2017.05.11
Source URL: http://www.storagenewsletter.com/2017/05/liqid-secures-10-million-in-series-a/
Liqid Inc., provider of on-demand composable infrastructure (CI) technologies, announced that it has secured $10 million in Series A funding led by Marker Hill Capital LLC, joined by existing investor and strategic partner, Phison Electronics Corporation.
Along with previous seed funding from Kingston Technology Corp., Phison Electronics Corp., ABR Capital Management and DH Capital LLC, the company has now raised $20 million to drive the future of CI architecture in the datacenter.
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Liqid will use the funding to accelerate development of its CI platform for 2017 availability, recruit additional engineering talent, and drive its sales and marketing efforts to meet demand for the company’s approach to datacenter resource agility.
“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, storage, and graphics processing at the bare-metal server level,” said Tom Juracek, MD, 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.”
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