Liqid, a US-based data centre orchestration software developer backed by computer memory technology producers Phison Electronics and Kingston Technology, has received $28m in a series B round led by Panorama Point Partners.
The round was backed by Iron Gate Capital and unnamed affiliates of private investment banking partnership DH Capital.
Founded in 2013, Liqid provides software that helps configure and orchestrate the infrastructure responsible for data centres, supporting advanced applications such as machine learning, cloud computing and the internet of things.
The company claims to enable the composition of dynamic physical servers intended for use by a single client and is pitched as offering capability with a variety of data centre standards.
Liqid will put the capital towards attaining business growth, ramping up its recruitment budget for areas including operations, sales, marketing and engineering. It will also look to enter more verticals with demand capacity for software-defined data centre architectures.
Phison Electronics and Kingston Technology backed Liqid’s $10m series A round in 2017 led by private equity fund Marker Hill Capital with participation from ABR Capital Management and DH Capital, after the same two corporates had co-led a $5.7m round in 2015 alongside ABR Capital Management and unspecified investors represented by DH Capital.