Liqid, provider of the world’s most-comprehensive composable infrastructure solutions and services platform, today announced it has 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. Liqid recently doubled quarter-over-quarter revenue, with record profit, and a record number of customers and deployments of its comprehensive composable infrastructure solutions.
Liqid will use the funding 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.
“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.”