SimpliVity raises USD25m in series B VC funding
SimpliVity, a provider of simplified software defined data centre in a box solutions, has secured USD25m in series B funding led by Silicon Valley-based Kleiner Perkins Caufield & Byers (KPCB).
Existing investors Accel Partners and Charles River Ventures also participated in this financing round, which brings the total funding to date to USD43m.
“SimpliVity is at the forefront of the convergence trend that is transforming enterprise IT," says Matt Murphy, partner at KPCB. "Its flagship offering, OmniCube, leapfrogs competitive products in breadth of functionality and introduces a highly efficient and novel data architecture. The result is an ultra-functional yet low cost data centre in a box solution that addresses the most pressing issues in the data centre today: cost and complexity."
Having recently launched OmniCube, SimpliVity will use the series B proceeds to fuel its global go to market activities as it prepares for a rapid growth year in 2013.
“The customer demand that resulted from our recent launch has demonstrated that the market is starved for a solution like OmniCube,” says Doron Kempel, chief executive of SimpliVity. “We are thrilled to have the backing of KPCB to help fund what we expect to be a transformation in IT infrastructure. In joining Accel and CRV, KPCB helps to form a dream team of investors who provide capital, expertise and access. Based on the unprecedented early demand for OmniCube, the first order of business is to prepare for imminent hyper-growth.”
OmniCube is a simple to manage, 2U rack-mounted IT infrastructure building block that delivers the functionality of more than 10 products for the virtual machine environment—all at a fraction of the acquisition and operating cost compared to traditional infrastructure offerings. Two or more OmniCube systems are deployed together to form an OmniCube Global Federation, a massively scalable pool of shared resources that enables efficient data movement, extensive scalability, and enterprise-class system availability--all managed globally from a single interface.
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