SimpliVity has raised $175 million in series D funding at a valuation of more than $1 billion. This funding comes just 23 months after general availability of OmniCube, its flagship product.
Waypoint Capital, the business enterprise for the Bertarelli family’s investments, led the round. Prior investors Accel Partners, Charles River Ventures, DFJ Growth, Kleiner Perkins Caufield & Byers Growth and Meritech Capital Partners also contributed to the round.
Waypoint was inspired to make the investment after transforming its own IT environments across five global sites with SimpliVity’s hyperconverged infrastructure solution.
With total venture funding now $276 million, the financing will be used to fund the rapid expansion of the company and address market opportunity.
"We are honored to have Waypoint join our extremely supportive group of investors. It is a unique and valuable opportunity to have an investor who is truly a customer first – with hands-on SimpliVity product experience," said Doron Kempel, SimpliVity CEO.
"The continued support from our existing investors is incredibly appreciated. Together, these investors give us the greatest strategic latitude for the business as we continue to optimize during this time of hyper growth."
