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KPCB leads $25m Series B for ‘data center in a box’ SimpliVity

24 Sep 2012

Venture capital heavyweight Kleiner Perkins Caufield & Byers has led a $25m financing round for data centre provider SimpliVity.

Existing investors Accel Partners and Charles River Ventures also took part in the Series B round, which brings the company’s total funding to date to $43m.

The latest funding round was completed just four weeks after the business emerged from stealth mode.

KPCB partner Matt Murphy said, “SimpliVity is at the forefront of the convergence trend that is transforming enterprise IT.

“Its flagship offering, OmniCube, leapfrogs competitive products in breadth of functionality and introduces a highly efficient, and novel data architecture.

“The result is an ultra-functional yet low cost data center in a box solution that addresses the most pressing issues in the data center today: cost and complexity.”

SimpliVity said it would use the Series B proceeds to fuel its global go-to-market activities as it prepares for a rapid year of growth in 2013.

Earlier this month KPCB became the latest investor to buy into online innovation platform Quirky as part of a $68m Series C round.

Fellow venture heavyweight Andreessen Horowitz led the financing round, which takes the total Quirky has raised to $97m.

Existing investors Norwest Venture Partners and RRE Venture also took part in the round.

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