Lafayette-based Liqid Inc. raises $10M in Series A funding

LAFAYETTE — Liqid Inc., a Lafayette-based developer of agile technologies for data centers, on Wednesday said it has secured $10 million in Series A funding, bringing the startup’s total amount of venture capital raised since it was founded in 2013 to $20 million.

The most recent round was led by Denver-based Marker Hill Capital, a $50 million private-equity fund established in March 2011. Marker Hill was joined in the round by existing investor and strategic partner, Phison Electronics Corp., based in Taiwan.

Previous seed funding came from Phison; Kingston Technology and  

ABR Capital Management LLC, both from California; and DH Capital based in New York, which has an office in Boulder.

Liqid will use the funding to accelerate development of its flagship Liqid CI platform that is expected to be available this year, recruit additional engineering talent, and drive its sales and marketing efforts.

The Liqid CI Platform provides the ability for information-technology users to scale infrastructure resources to instantly reprovision when their needs change.

“Traditional approaches to data-center architecture have fallen short of addressing the growing need for data agility and infrastructure flexibility and efficiency,” Tom Juracek, managing director of Marker Hill Capital, said in a prepared statement.

The platform allows administrators to automate their infrastructure resources while scaling and composing on demand to accommodate the latest business applications.

Liqid, led by chief executive Jay Breakstone, has original-equipment-manufacturer agreements with Kingston Technology, a provider of memory products, and China-based Inspur, a provider of cloud-computing solutions.