Simplivity raises USD58 million in Series C funding round
A VentureBeat article said Simplivity was able to raise a massive USD58 million in Series C investment. Simplivity Chief Executive Officer Doron Kempel said in a Forves newsmagazine article that the oversubscribed round was led by Draper Fisher Jurvetson and Kleiner Perkins Caufield & Byers' Digital Growth Fund. Investors who participated in the said round included existing investors Charles River Ventures and Accel Partners and new investors Meritech Capital Partners and Swisscom AG.
The startup had already raised USD18 million from its Series A funding round and USD25 million in Series B investment.
Investors' interest in Simplivity had been growing to great bounds. Based from its description on its website, Simplivity claimed that it is a pioneer in hyperconverged IT infrastructure. One of its latest products is called the Omnicube, a data center in a box.
General Partner John Doerr of Kleiner Perkins described the OmniCube that was included in Simplivity's press release and said, "SimpliVity is one of the biggest innovations in enterprise computing since VMware. OmniCube is radically simplifying IT infrastructure with systems that are better, faster, smaller, and less expensive than competitive offerings. SimpliVity is well positioned to transform IT." VMware is a US-based company and a provider of virtualization and cloud software and services.
Kempel disclosed the company's plans regarding the proceeds of its latest funding round. "We are very happy about the addition of DFJ Growth, Meritech and Swisscom to the SimpliVity family. We intend to use the funds in order to accelerate product development and all facets of our business, globally."
Simplivity also said that it would be increasing more staff for its engineering team to be able to develop new features and functionality that had been requested by new and current customers. The company also intended to increase staff of its field team in order to manage the adoption of its technology around the world.