Kleiner Perkins Caufield & Byers Growth and DFJ Growth co-lead greatly oversubscribed C-Round, joined by Meritech Capital Partners, Swisscom Ventures and Series A and B investors Accel Partners and Charles River Ventures as universal demand for SimpliVity's "Lego-like" x86 based converged IT building blocks and advanced data-architecture far exceeds all prior expectations
WESTBOROUGH, Mass., November 18, 2013—
SimpliVity Corporation, the pioneer in globally federated hyperconverged IT infrastructure, today announced that it has secured $58 million in Series C funding co-led by existing investor Kleiner Perkins Caufield & Byers (KPCB) Growth and DFJ Growth, and joined by Meritech Capital Partners and Swisscom Ventures, as well as existing investors Accel and Charles River Ventures.
The funding follows a year in which SimpliVity emerged as a leader in the growing market for infrastructure for virtualized environments, on the strength of its game changing global data architecture—the first and only one that delivers inline, accelerated deduplication, compression, and optimization of all data, once and forever, across a global federated framework that allows for the highly efficient movement, accessibility, and management of data around the globe. This transformational technology allows companies large and small to radically simplify their infrastructure environments while gaining 3X TCO savings, and achieving dramatic improvements in functionality, data protection, and manageability. 2013 saw the widespread market adoption of OmniCube around the globe as companies large and small recognized the opportunity to radically simplify and improve their IT infrastructure.
"SimpliVity is one of the biggest innovations in enterprise computing since VMware," commented John Doerr, General Partner of Kleiner Perkins, and early backer of Sun Microsystems, Netscape, Google, and Amazon. "Its OmniCube is radically simplifying IT infrastructure with systems that are better, faster, smaller and less expensive than competitive offerings. SimpliVity is well positioned to transform IT."
"We invest in category leaders addressing large market opportunities. SimpliVity offers breakthrough price/performance and unprecedented manageability for companies deploying virtual machine and cloud environments. As companies of all sizes continue their migration to virtualization and cloud computing, we see a wonderful opportunity for SimpliVity's products to be used as 'Lego-like' building blocks to build, expand and simplify IT operations in mid-size companies, large enterprises - especially those with remote offices -, and cloud service providers as well. Furthermore, we are extremely impressed with the sophistication and high level of professionalism of SimpliVity's management team and their intense focus on making their customers successful," commented Mark Bailey, Managing Director of DFJ Growth, investors in Box, Yammer, AdMob, Good Technology, Tesla Motors, SolarCity, SpaceX and other world-changing companies.
SimpliVity emerged from stealth mode in August 2012 with the introduction of OmniCube™, the world's first, all-in-one, globally scalable IT infrastructure platform that delivers all requisite enterprise data center functionality with extreme efficiency and ease of management. Deployed as simplified building blocks, each OmniCube delivers compute, hypervisor, storage, networking, cache accelerated performance, native VM-centric backup and replication for disaster recovery, and public cloud integration. The core underlying technology that enables OmniCube to deliver this value—and the catalyst for today's funding—is OmniStack™, SimpliVity's highly innovative and novel data architecture that combines inline, accelerated deduplication, compression and optimization of all data, once and forever, with a global federated framework that the IT team can use to manage globally distributed nodes as a single, unified infrastructure system.
In addition to building out its customer base and channel network across the globe, SimpliVity recently achieved the top honor at VMworld, winning Gold for Best of VMworld 2013—further indication of the superiority of its unique and transformative data architecture technology.
OmniCube is currently installed across a wide range of companies and use cases—from small environments with dozens of virtual machines to some of the world's largest global cloud providers that have hundreds of data centers around the globe.
The comprehensive functionality delivered in simple, building-block fashion has fueled OmniCube's rapid market adoption. Jeremy Wheeler, Innovation Architect for Dairylea, one of the US's largest dairy cooperatives, commented, "After months of analyzing alternative infrastructure solutions, we discovered SimpliVity's OmniCube and were quickly convinced. We recognized that SimpliVity's innovative data architecture would offer superior functionality while allowing us to significantly reduce costs. Within 12 days, we decided to standardize on OmniCube for all of our virtualized workloads, and purchased our first 6 systems. OmniCube allowed us to replace our SAN environments in two sites, while introducing significant improvements to backup and DR—all at a price point lower than what we would have paid simply to deploy a new traditional backup system."
Laura Dubois, Vice President for leading analyst firm IDC commented, "SimpliVity has done something truly unique in delivering a complete IT building block that is built around an entirely new architecture for storing and managing data globally. The significant traction the company has gained in a short time period indicates that this is truly transformative technology, and I expect SimpliVity's market impact to accelerate as the company expands its operation with this new round of capital."
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. "We are very happy about the addition of DFJ Growth, Meritech and Swisscom to the SimpliVity family," said Doron Kempel, CEO of SimpliVity. "We intend to use the funds in order to accelerate product development and all facets of our business, globally."
About Accel Partners
Founded in 1983, Accel Partners has a long history of partnering with outstanding entrepreneurs and management teams to build world-class businesses. Accel today invests globally using dedicated teams and market-specific strategies for local geographies, with offices in Palo Alto, London, New York City and Bangalore, as well as in China via its partnership with IDG-Accel. Accel has invested in over 500 companies, many of which have defined their categories, including Angry Birds (Rovio), Atlassian, Cloudera, ComScore, Dropbox, Facebook, Groupon, Kayak, Playfish, QlikTech, Spotify, Supercell and Wonga. For more information, visit the Accel Partners web site at www.accel.com find us on Facebook at www.facebook.com/accel.
About Charles River Ventures
Charles River Ventures is one of the nation's oldest and most successful early-stage venture capital firms with approximately $1.4 billion under management. CRV is dedicated to helping exceptional entrepreneurs turn their ideas into the next category leaders in high growth technology and media sectors. Since its founding in 1970, CRV funds have been ranked among the industry's top performers. CRV has offices in Boston, MA and Menlo Park, CA. For more information, visit www.crv.com.
DFJ is a venture capital firm that partners with extraordinary entrepreneurs who set out to change the world. Since 1985, DFJ's core funds have raised $4B, which has been deployed in more than 300 portfolio investments, including AdMob, Baidu, Box, Skype, Hotmail, SpaceX, Tesla Motors, SolarCity, Twitter, Tumblr and Yammer. DFJ works with companies at seed, early and growth stages, with the goal of creating iconic and lasting businesses. DFJ Growth is the investment practice within DFJ that is focused on financing and partnering with companies in the growth stage of development. DFJ pioneers investing in emerging markets including consumer and enterprise information technology, digital media, and disruptive technologies. Learn more at dfj.com.
Kleiner Perkins Caufield & Byers (KPCB) has backed entrepreneurs in more than 700 ventures leading to nearly 200 IPOs, over 375,000 jobs and a deep strategic network. The firm has partnered with pioneering companies like Align, Amazon, Electronic Arts, Genentech, Genomic Health, Google, Intuit, Juniper Networks, Netscape, Symantec, Twitter, VeriSign and WebMD. KPCB partners serve on the boards of Amazon, Apple, Bloom Energy, Flipboard, Foundation Medicine, Google, Hewlett-Packard, Nest, Square, Tesaro and Zynga, among others. KPCB accelerates the success of entrepreneurs with a team of partners delivering company-building services including strategy, operational scaling, recruiting, business development, product delivery and marketing communications. The firm invests in all stages from seed and incubation to growth companies. KPCB operates from offices in Menlo Park, San Francisco, Shanghai and Beijing. For more information, visit: http://www.kpcb.com.
About Meritech Capital Partners
Meritech Capital Partners is a leading provider of late-stage venture capital to category-defining private technology companies and has been one of the top performing venture firms of the past decade. With over $2.6 billion under management, Meritech primarily leads investments into companies with proven and differentiated technology, rapidly growing revenue and experienced management teams. With one of the most active venture portfolios, Meritech has experience in, and provides guidance on issues facing rapidly growing companies including management incentive plans, IPO market timing and positioning, M&A strategies and negotiations and adviser selection. Meritech investments in industry-leading companies include BigFix, Broadsoft, Cornerstone OnDemand, Facebook, Fortinet, Fusion-io, Greenplum, Hybris, Imperva, Netezza, NetSuite, PopCap, Proofpoint, Rally, Riverbed, Ruckus, Salesforce.com, Sourcefire, SpringSource, Yammer, and Zulily. Meritech is located in Palo Alto, CA and can be found at www.meritechcapital.com.
About SimpliVity Corporation
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Note to Editors: SimpliVity, SimpliVity's logo, OmniCube, and OmniStack are trademarks of SimpliVity Corporation. All other trademarks are the property of their respective owners.