Liqid, one of the world’s largest providers of data center composability software, has announced a $100 million Series C fundraising round. The financing will be used by Liqid to scale and fulfill the rapidly rising worldwide demand for its Liqid Matrix composable software and solutions.
In 2021, Liqid more than quadrupled its employees, reached the 100-customer mark, and had a 1034 percent revenue increase from 2017 to 2021. The US Department of Defense, Dell Technologies, NVIDIA, Broadcom, and Intel Corporation are among Liqid’s clients and partners.
Lightrock and DH Capital affiliates co-led the fundraising, with participation from current investors Panorama Point Partners and Iron Gate Capital.
“Liqid is excited to announce this funding to drive extended hypergrowth as software-defined data center infrastructure solutions like ours quickly become mainstream alongside the expansion of next-generation workloads like AI,” said Sumit Puri, CEO and Co-Founder of Liqid. “As the clear leader in composable software solutions we are committed to collaborating with other industry leaders to provide the most flexible, efficient, and valuable software-defined architecture for organizations developing advanced AI, HPC, cloud, and edge compute systems deployed to solve the world’s most difficult problems.”
Liqid’s composable infrastructure software platform, Liqid Matrix, would enable data center infrastructure to achieve cloud-like speed, flexibility, and efficiency. Users may create, install, and expand physical bare-metal servers in seconds, then reallocate precious accelerator, storage, and other resources through software as their needs change. Liqid’s dynamic, multi-fabric platform would open new levels of speed, flexibility, and resource efficiency, resulting in huge sustainability advantages across a wide range of industrial verticals.
Traditional data center architectures are tightly designed and cannot meet the needs of current AI-centric applications, stated Liqid. These flaws would result in capital and operational inefficiencies, as well as increased carbon emissions.
Liqid would offer contemporary, completely dynamic infrastructure that increases utilization rates while decreasing power and cooling requirements, resulting in the most efficient and sustainable data center design in the business. As a result, artificial intelligence (AI), high performance computing (HPC), cloud computing, edge computing, and other data-centric applications would have the highest architectural freedom, efficiency, and time-to-results.
“As IT professionals strive to maximize efficiency in next-generation computing while simultaneously enhancing system performance, Liqid software enables enterprises and data center operators to do more with less,” said Marty Friedman, Partner and Managing Director at DH Capital. “Liqid’s software and solutions support ongoing growth and productive innovation for public and private organizations alike, while also reducing waste and inefficiency.”
Expanding Sales, Advancing Software Development
Liqid plans to use the funds to expand internationally and grow its salesforce in order to capitalize on the rapidly growing composable software market, improve the company’s support function, raise awareness and provide global marketing support for additional OEM and channel partners, and strengthen the company’s operations team in order to scale with opportunities across all business functions. Liqid will also use the funds to advance its software development strategy and retain its market leadership position.
“With powerful market-leading software, a commanding leadership position in the space, and partnerships with the industry’s top data center solutions providers, Liqid is a clear leader in rethinking sustainable data center architecture,” said Ashish Puri, Growth Investor at Lightrock. “We look forward to supporting the company during this exciting period of expansion as it builds upon its well-established success.”
“We have always been impressed by Liqid’s ability to provide unmatched performance and flexibility for the most demanding computational workloads,” said Stephen George, Founder of Panorama Point and its successor firm InterAlpen Partners. “Perhaps equally important are the significant efficiencies offered by Liqid for stakeholders who are increasingly concerned with the broader ecological footprint of their data centers. By enabling performance efficiencies that can reduce energy and water usage by 50 percent or more in some use cases, Liqid is delivering significant benefits to business productivity and the planet.”