SimpliVity, is one of the competitors in the crowdy hyperconverged infrastructure and a data architecture market. Yesterdat the company announced that it has closed a $175 million Series D funding. The round was led by Waypoint Capital, investment company headquartered in Geneva, Switzerland, with participation of Prior investors Accel Partners, Charles River Ventures, DFJ Growth, Kleiner Perkins Caufield & Byers (KPCB) and Meritech Capital Partners. SimpliVity’s total venture funding is now $276 million.
SimpliVity was founded in 2009 by Doron Kempel, who was former CEO of Diligent Technologies (acquired by IBM in 2008), and former VP and GM for EMC media solutions group.
SimpliVity is known for its product OmniCube which merges the operations of 12 different IT appliances into a single device.
SimpliVity announced that the investment company who led the funding, Waypoint, reconstructed its IT environments using SimpliVity’s hyperconverged infrastructure solution and insisted to take the lead when they learned that the company was in need of raising capital, the funds are going to be used for the expansion of its market.
Doron Kempel, SimpliVity CEO, said:
We are honored to have Waypoint join our extremely supportive group of investors. It is a unique and valuable opportunity to have an investor who is truly a customer first – with hands-on SimpliVity product experience, 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 optimize during this time of hyper growth.