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September 24, 2012

SimpliVity Secures $25 Million in Series B Funding

IT startup SimpliVity Corporation, a hardware and software provider for data center infrastructure, has secured $25 million in Series B funding led by Silicon Valley-based Kleiner Perkins Caufield & Byers (KPCB).

Existing investors, Accel Partners (News - Alert) and Charles River Ventures also participated in this financing round, which brings the firm’s total backing to $43 million. The funding comes just one month after SimpliVity came out of stealth mode, following the launch of the Westborough, Mass.-based firm’s flagship offering, OmniCube, which the company defines as an assimilated IT infrastructure platform.

SimpliVity will use the Series B funding to expand as it prepares for a “rapid growth year” in 2013, according to Doron Kempel, the founder and CEO of SimpliVity.

“The customer demand that resulted from our recent launch has demonstrated that the market is starved for a solution like OmniCube,” Kempel said in a company statement.

Adding, “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.”

In an interview with the Boston Business Journal, Kempel said the company has been “flooded” with inquiries about the product since it entered public beta in late August.

“I’ve never seen anything like it in my professional lifetime,” Kempel said.

OmniCube is a rack-mounted IT infrastructure that delivers the functionality of more than 10 products for the virtual machine environment, company officials said. Products that are incorporated into the Omni Cube include server and server virtualization; storage and storage network; several types of data de-duplication and compression; cloud gateway; and caching and accelerators for solid-state drive.

“SimpliVity is at the forefront of the convergence trend that is transforming enterprise IT,” said 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 center in a box solution that addresses the most pressing issues in the data center today: cost and complexity.”

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Edited by Brooke Neuman

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