Simplivity, a US-based IT infrastructure technology company backed by investors including telecommunications service Swisscom, secured $175m in series D funding today at a valuation of more than $1bn.
Waypoint Capital, an investment vehicle for the Bertarelli family, led the round, which included return investments by Accel Partners, Charles River Ventures (CRV), DFJ Growth, Kleiner Perkins Caufield & Byers (KPCB) and Meritech Capital Partners.
Simplivity has built, and in 2013 launched, a hyperconverged IT infrastructure platform that incorporates data virtualisation architecture, making it possible for unified IT management across the world from a single console.
The series D round increased Simplivity’s overall funding to approximately $276m, including $58m from a 2013 series C round featuring Swisscom’s corporate venturing unit Swisscom Ventures, as well as KPCB, DFJ Growth, Meritech, Accel and CRV.
The company plans to use the latest capital injection to rapidly expand, meeting what it calls an “explosive” market opportunity.
Doron Kempel, chief executive of Simplivity, said: “The continued support from our existing investors is incredibly appreciated. Together, these investors give us the greatest strategic latitude for the business as we continue to optimise during this time of hyper growth.”