Global AI in healthcare market expected to rise to $164B by 2030
The market size for 2023 was $10.31 billion
Read more...SimpliVity, provider of “data center in a box” technology, has raised $25 million in Series B funding, it was announced Monday.
The round was led by Kleiner Perkins Caufield & Byers (KPCB), as well as existing investors Accel Partners and Charles River Ventures.
SimpliVity, whose mission is to simplify IT infrastructure by integrating compute, storage and networking, came out of stealth mode only a month ago, when it unveiled its flagship product, OmniCube, which will be launched later this year.
The company calls OmniCube “the world's first truly assimilated IT infrastructure platform.” It is designed to simplify and reduce IT costs for mid-sized businesses by combining 10 IT products for the virtual machine environment into one easier to use platform that can be scaled to any business.
The OmniCube platform serves the virtual machines that run popular business applications, including Exchange, SharePoint, transactional databases, VDI, web applications, file services, and customer applications.
If multiple OmniCubes are used in conjunction with each other, they will form an OmniCube Global Federation, which SimpliVity says is “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,” all of which can be managed by a single administrator.
"The customer demand that resulted from our recent launch has demonstrated that the market is starved for a solution like OmniCube," Doron Kempel, CEO of SimpliVity, said in a statement.
"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."
"SimpliVity is at the forefront of the convergence trend that is transforming enterprise IT," Matt Murphy, partner at KPCB, said in a statement.
"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."
Westborough, Massachusetts-based SimpliVity was founded in 2009. The company announced that it had raised $18 million just last month from Accel Partners and Charles River Ventures. This new money brings the company’s total funding to date to $43 million.
The company will use the money it has raised to fuel ramp up its global market activities over the next year.
The market for integrated IT products is growing fast and SimpliVity has some competition.
Virtualization software company Nutanix raised $33 million in a Series C funding round in August from Lightspeed Venture Partners, Khosla Ventures, Battery Ventures and Goldman Sachs. The round gave Nutanix a total of $71.2 million in funding.
(Image source: https://cormachogan.com)
The market size for 2023 was $10.31 billion
Read more...At Culture, Religion & Tech, take II in Miami on October 29, 2024
Read more...The company will use the funding to broaden the scope of its AI, including new administrative tasks
Read more...