SimpliVity Secures $58,000,000 Series C Financing

  • Feed Type
  • Date
    11/18/2013
  • Company Name
    SimpliVity
  • Mailing Address
    8 Technology Drive Westborough, MA 01581
  • Company Description
    SimpliVity is an exciting high-tech startup, developing radically new IT infrastructure technology for the modern data center and the cloud. SimpliVity is led by a team of veterans with proven track records of building successful companies, introducing innovative products, and managing large divisions of multinational corporations.
  • Website
    http://www.simplivity.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $58,000,000
  • Transaction Round
    Series C
  • Proceeds Purposes
    SimpliVity will use the C-Round capital to support the continued hypergrowth of the company. Specifically, the company plans to significantly bolster the engineering team, allowing it to continue to deliver the features and functionality requested by existing and new customers. Additionally, SimpliVity will expand its service and support organization, and its field team in order to manage the continued worldwide adoption of the technology.
  • M&A Terms
  • Venture Investor
    Kleiner Perkins Caufield & Byers
  • Venture Investor
    DFJ Growth
  • Venture Investor
    Meritech Capital Partners
  • Venture Investor
    Accel Partners
  • Venture Investor
    Charles River Ventures
  • Venture Investor
    Swisscom

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