Led · Series C · Dec 2021

Liqid develops the Liqid Matrix composable disaggregated infrastructure (CDI) software platform that enables cloud-like speed and flexibility for data center infrastructure. The platform lets users configure, deploy, and scale physical bare-metal servers in seconds and reallocate accelerators and storage resources via software as needs evolve. Liqid positions its technology as a solution to rigid traditional architectures, improving resource utilization and reducing power and cooling requirements. The company says the capital will be used to identify, create, and pursue evolving market opportunities for CDI solutions amid AI-driven changes across on-prem, cloud, and edge environments. In 2021 Liqid more than doubled its workforce, surpassed 100 customers, and reported 1034% revenue growth from 2017 to 2020. Its customers and partners include the US Department of Defense, Dell Technologies, NVIDIA, Broadcom, and Intel Corporation, and the company is based in Broomfield, Colorado. Liqid’s core product, Liqid Matrix™, is a composable infrastructure software platform that lets users configure, deploy, and scale physical bare‑metal servers in seconds and reallocate accelerators and storage via software. The platform targets AI, HPC, cloud, and edge workloads and emphasizes higher utilization, faster time‑to‑results, and sustainability benefits versus traditional static data center architectures. Liqid says its solutions can deliver 2–3x improvements in utilization and materially reduce energy, water use, and CO2 emissions. In 2021 the company more than doubled its workforce, surpassed 100 customers, and reported 1,034% revenue growth from 2017 to 2020. Customers and partners include the US Department of Defense, Dell Technologies, NVIDIA, Broadcom, and Intel. Liqid intends to use new capital to expand internationally, grow its salesforce and support functions, increase OEM and channel marketing, and accelerate its software development roadmap to maintain market leadership. Liqid offers a software-defined composable infrastructure platform and Command Center orchestration that lets users build dynamic bare-metal servers and reallocate NVMe, GPU, FPGA, Intel Optane, CPU, and networking resources on demand. The platform composes across major fabric types including PCIe Gen3, PCIe Gen4, Ethernet, and InfiniBand. Liqid maintains OEM and technology partnerships with vendors such as Dell Technologies, Inspur, NVIDIA, Phison, Toshiba, Marvell, Intel, Jabil, and KingstonDigital. The company says it recently doubled quarter-over-quarter revenue, achieved record profit, and recorded a record number of customers and deployments. Liqid will use new funding to accelerate growth by increasing budgets for operations, sales, marketing, engineering, and other business-critical functions and to address an expanding number of industry verticals. Liqid builds an on-demand composable infrastructure (CI) platform that pools and composes compute, networking, storage, and graphics processing over a PCIe-based fabric to enable bare-metal server reconfiguration. Its flagship Liqid CI Platform and Liqid Grid fabric switch allow IT administrators to orchestrate and instantly reallocate physical datacenter resources. The company planned general availability of its platform in 2017 and intends to use new funding to accelerate product development, hire engineering talent, and expand sales and marketing. Liqid frames its technology as a solution to the motherboard/chassis limitations that lock resource allocation at purchase. It has OEM partnerships with Kingston Technology and Inspur and cites Phison Electronics as a strategic partner. Liqid is headquartered in Lafayette, Colo. Liqid is operating in stealth to deliver an innovative solution for real-time resource management in data centers, aiming to help organizations keep pace with rapidly changing IT demands. The company positions its product to evolve current data center architectures and improve how resources are allocated and managed. Liqid says its financing will accelerate product development and time to market while enabling it to build out its team. Leadership frames the technology as a potential industry transformer for handling growing volumes of data. The announcement highlights the company’s focus on research and development as the near-term priority. No operating metrics or revenues were disclosed in the articles.

Led · Equity · Jun 2012

Alert Logic is a Security-as-a-Service provider that combines cloud-native software and analytics with expert services to assess, detect and block threats to applications and other enterprise workloads. Its product suite includes intrusion detection, vulnerability assessment, web application security and log management, paired with 24×7 security monitoring, threat intelligence, security research and content production. The company also applies machine learning and other security analytics to monitor, analyze and protect enterprise application environments. Led by CEO Gray Hall, Alert Logic is headquartered in Houston and operates seven global offices. In June 2017 the company received a $70M syndicated credit facility; the proceeds will be used for working capital and various internal growth initiatives. The financing was provided by Square 1 Bank, a division of Pacific Western Bank. Alert Logic delivers Security-as-a-Service for cloud environments by integrating advanced security tools with a fully outsourced, managed SaaS delivery model and a 24×7 Security Operations Center. Its solutions secure the application and infrastructure stack and can be deployed wherever customers have IT infrastructure, including public and private clouds. The company partners with over half of the largest cloud and hosting service providers and serves more than 1,700 enterprises. Alert Logic reported nearly $30 million in annual recurring revenue and said it tripled in size in less than three years. Following the financing, the company plans to accelerate growth of its new Web Security Manager product line and expand adoption of its elastic cloud security solutions through its hosting and cloud provider channel. Alert Logic is based in Houston and was founded in 2002. Alert Logic delivers an integrated on-demand security solution combining Software-as-a-Service products with 24×7 Security Operations Monitoring for intrusion detection, vulnerability assessment, and log management. Its managed services provide 24×7 monitoring, alerting, and expert guidance from a Security Operations Center staffed with certified security analysts. The company serves over 1,200 enterprise customers. Led by president and CEO Gray Hall, Alert Logic was founded in 2002 and is based in Houston, Texas. It plans to use the new funding to broaden its product and service portfolio and invest across sales and marketing, engineering and product development, business development, and strategic alliances. The company closed a $12.6M Series E to support those plans.