Series C funding co-led by Lightrock and affiliates of DH Capital
Funding will be used to drive expansion and meet growing global demand for Liqid’s software-defined, composable infrastructure platform
Liqid’s software platform unlocks greater speed, flexibility, and data center efficiency, while significantly reducing overall energy consumption
Liqid, the world’s leading software company delivering data center composability, today announced $100 million in Series C funding. The funding was co-led by Lightrock and affiliates of DH Capital, with participation from current investors Panorama Point Partners and Iron Gate Capital. Liqid will use the funding to scale and meet fast-growing global demand for its Liqid Matrix™ composable software and solutions. In 2021, the company more than doubled its workforce, surpassed the milestone of 100 customers, and executed 1034% revenue growth from 2017 to 20201. Liqid’s customers and partners include the US Department of Defense, Dell Technologies, NVIDIA, Broadcom, and Intel Corporation.
The number of global data centers has increased from 500,000 in 2012 to more than 8 million in 20212. Current growth trajectories suggest that data centers will consume as much as 20% of global energy by 2025, with the typical data center using about 3-5 million gallons of water per day - the same amount as a city of 30,000-50,000 people. Liqid solutions provide 2-3x improvements in data center utilization rates compared to traditional static architectures5, significantly reducing energy consumption and saving millions of gallons of water and tons of global CO2 emissions per year.
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