Thursday May 21, 2015 0 comments
LAFAYETTE -- Still in stealth mode, Liqid Inc. announced it has secured $5.7 million in seed funding led by Kingston Technology, Phison Electronics Corp., ABR Capital management and additional investments aggregated by DH Capital.
The financing will be used to advance research and development and accelerate time to market, the company said.
“Liqid is poised to disrupt the market with a fresh vision and groundbreaking technology,” said Darwin Chen, VP of specialty flash storage business at Kingston Technology.
“Current technologies, architectures and infrastructures aren’t keeping up with today’s data-driven businesses. With Liqid, we have invested in a company that’s on the cusp of transforming the way organizations manage their tremendous and growing volumes of data.”
“We are excited to be backed by incredible partners who are supporting our vision to fundamentally change the future of the data center,” said Jay Breakstone, Liqid co-founder and CEO.
“The funding we received allows us to continue to build out our team with the best and brightest talent in the industry and to accelerate our product development efforts.”