13 November 2019, India:
Infrastructure solutions and services platform Liqid has raised $28 million in Series B round of funding. The funding round was led by Panorama Point Partners.
Iron Gate Capital and affiliates of DH Capital also participated in the funding round.
The company will use the fresh capital 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, the company said in a statement.
Stephen J. George, Managing Partner, Panorama Point Partners, said, “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.”
Stephen J. George, added, “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.”
Sumit Puri, CEO and Cofounder, Liqid, said, “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.”
Sumit Puri, added, “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.”
(Image – Liqid)