Liqid, a US-based data centre technology startup still operating in stealth, raised $5.7m in seed funding yesterday from investors including electronics manufacturer Phison Electronics and computer hardware producer Kingston Technology.
The round, which included venture capital fund manager ABR Capital Management and additional investments aggregated by investment banking partnership DH Capital, will go to accelerating research and development as well as Liqid’s path to market.
Darwin Chen, vice president of Kingston Technology’s specialty flash storage business, said: “Liqid is poised to disrupt the market with a fresh vision and ground-breaking technology.
“Current technologies, architectures, and infrastructures aren’t keeping up with today’s data-driven businesses. With Liqid, we have invested in a company that’s on the cusp of transforming the way organizations manage their tremendous and growing volumes of data.”