$28 Million Series B Funding for Liqid, Total at $50 Million

Liqid, Inc. 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. The start-up recently doubled Q/Q revenue, with record profit, and a record number of customers and deployments of its composable infrastructure solutions.

The firm will use the funding for accelerated growth, increasing budgets for personnel in operations, sales, marketing, engineering, and other business-critical functions. The funding enables 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.”

Collaboration and Partnership Strategies
Constantly-evolving, mission-critical workloads in AI, ML, 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, improving data center efficiency.

It pioneered fabric-based composable infrastructure solutions to deliver a comprehensive platform in the marketplace. 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 IB.

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 companies including Dell Technologies OEM & IoT Solutions, Inspur Systems, NVIDIA, Phison Electronics Corp., One Stop Systems, Inc., Toshiba Corporation, Marvell Technology Group Ltd., Intel Corporation, Orange Silicon Valley, Jabil Inc., Kingston Digital, Inc., and other 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 co-founder, 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 an Ernst & Young Entrepreneur of the Year 2019 – Mountain Desert, Built In Colorado’s 50 start-ups to Watch 2019, 2018 Gartner Cool Vendor in Cloud Infrastructure, 2018 Red Herring Top 100 winner.

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