Liqid Raises $ 100 Million to Build Agile, Scalable, and Sustainable Software-Defined Data Centers

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LONDON–(COMMERCIAL THREAD) –Liquid, the global leader in data center composability software, today announced Series C funding of $ 100 million. The financing was co-led by Lightrock and subsidiaries of DH Capital, with participation from current investors Panorama Point Partners and Iron Gate Capital. Liqid will use the funding to scale and meet rapidly growing global demand for its Liqid Matrix â„¢ composable software and solutions. In 2021, the company more than doubled its workforce, exceeded the 100 customers mark and achieved 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.

Liqid’s composable infrastructure software platform – Liqid Matrix â„¢ – unlocks the speed and flexibility of the cloud, as well as increased efficiency of data center infrastructure. Users can configure, deploy, and scale bare physical servers in seconds, then reallocate valuable accelerators, storage, and other resources through software as needs change. Liqid’s dynamic, multi-fabric platform opens up new levels of speed, flexibility and resource efficiency, with significant sustainability benefits for a wide variety of verticals.

Traditional data center architectures are rigidly configured and can no longer meet the demands of modern AI-centric workloads. These gaps lead to inefficiencies in terms of capital and operations and associated increases in carbon emissions. Liqid enables a modern, fully dynamic infrastructure that increases utilization rates and reduces power and cooling requirements, delivering the most efficient and sustainable data center architecture in the industry. The result is unprecedented architectural flexibility, efficiency, and turnaround time for artificial intelligence (AI), high performance computing (HPC), cloud computing, edge computing, and other centric applications. on data that drives global innovation and economic expansion.

The number of global data centers has grown from 500,000 in 2012 to more than 8 million in 20212. Current growth trajectories suggest data centers will consume up to 20% of the world’s energy by 20253, with a typical data center using around 3 to 5 million gallons of water per day, the same amount as a city of 30,000 to 50,000 people4. Liqid solutions improve data center utilization rates 2-3 times over traditional static architectures5, dramatically reducing energy consumption and saving millions of gallons of water and tons of global CO2 emissions per year.

Liqid will use the funding to expand internationally and grow its sales force to capitalize on the rapidly growing composable software market, improve the company’s support function, increase brand awareness and provide global marketing support to other OEMs and channel partners; and to strengthen the company’s operations team to grow with opportunities across all functions of the business. Liqid will also use the funding to accelerate the company’s software development roadmap and maintain its leadership position in the market.

“As IT professionals strive to optimize the efficiency of next-generation computing while simultaneously improving system performance, Liqid software enables enterprises and data center operators to do more. with less, ”said Marty Friedman, Partner and Managing Director of DH Capital. “Liqid’s software and solutions support continuous growth and productive innovation for public and private organizations, while reducing waste and inefficiency. ”

“With industry-leading software, a leading position in the field, and partnerships with the industry’s best data center solution providers, Liqid is an undisputed leader in overhauling sustainable data center architecture. We look forward to supporting the company during this exciting period of expansion as it builds on its well-established success, ”said Ashish Puri, Growth Investor, Lightrock.

“We have always been impressed with Liqid’s ability to deliver unmatched performance and flexibility for the most demanding compute workloads,” said Stephen George, founder of Panorama Point and his successor company InterAlpen Partners. “Perhaps equally important are the significant efficiencies offered by Liqid for stakeholders who are increasingly concerned about the larger ecological footprint of their data centers. By enabling efficient performance that can reduce energy and water consumption by 50% or more in some use cases, Liqid delivers significant benefits for business productivity and the planet.

“Liqid is delighted to announce this funding to spur expanded hypergrowth as software-defined 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 undisputed 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 systems. , HPC, cloud, and edge compute deployed to address the issue. most difficult problems in the world.

Liqid ranks among the fastest growing companies in the Deloitte Fast 500 and was named Gartner Cool Vendor in the cloud infrastructure category. Liqid’s founders have been named Entrepreneur of the Year by Ernst & Young, and the company has been recognized by CRN, the AI ​​Breakthrough Awards, Built in Colorado, The Tech Tribune and other prestigious industry accolades providers .

Follow Liqid on Twitter and LinkedIn to stay up to date with the latest Liqid news and industry information.

About Liqid

Liquid composable infrastructure Software platform, Liqid Matrix â„¢, offers cloud-like speed and flexibility, as well as increased efficiency of data center infrastructure. Now IT can configure, deploy and scale bare metal physical servers in seconds, then reallocate valuable accelerator and storage resources through software as needs change. Dynamically provision previously impossible systems or scale existing investments, then redeploy resources as needed in real time. Unlock the agility of cloud-based data centers at any scale and discover new levels of resources and operational efficiency with Liqid.

About Lightrock | www.lightrock.com

Lightrock is a global private equity platform that supports motivated entrepreneurs tackling the world’s biggest challenges. Since 2007, Lightrock has invested in companies that pursue scalable, technology-driven business models around the key impact themes of people, the planet, and productivity / technology for good. Lightrock’s portfolio includes more than 60 high growth companies, supported by more than 50 professionals based in 7 cities in Europe, Latin America, India and Africa.

Lightrock is supported by the Princely House of Liechtenstein and LGT, the international private banking and asset management group.

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1 Source: Deloitte United States, Fast 500 2021 ranking, November 2021

2 Source: Knowledge of the data center, The data center dilemma: is our data destroying the environment?, April 2019

3 Source: World Economic Forum, By 2025, the IT industry could use 20% of all electricity produced. How can we make it sustainable?, June 2021

4 Source: NBC News, Drought-stricken communities oppose data centers, June 2021

5 Source: Panel of reviewers, Technical Analysis Report: How Composable Infrastructure Solves IT’s Space and Time Problem, November 2020



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