Liqid Inc. Secures
$5.7 Million in Seed Funding
Still in stealth, Liqid Inc.™ announced today that it has secured $5.7 million in seed funding led by Kingston Technology, Phison Electronics Corporation, ABR Capital Management, and additional investments aggregated by DH Capital. The financing round will be used to advance research and development as well as to help accelerate time to market.
“Liqid is poised to disrupt the market with a fresh vision and ground-breaking technology,” said Darwin Chen, Vice President of Specialty Flash Storage Business, 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.”
“Liqid is executing on its unique vision of evolving the current structure of today’s data center,” said KS Pua, CEO, Phison Electronics Corporation. “We are excited by Liqid’s approach, its team, and its progress toward redefining the industry.”
"DH Capital is always looking for smart, innovative companies with huge growth potential,” said Townsend Devereux, Partner and Managing Director, DH Capital. “We believe this company has the potential to redefine the way resources are managed in the data center.”
“We invest in companies that show creative solutions and promising futures,” said Brad Gastwirth, CEO, ABR Capital Management. “We believe that the vision and execution from Liqid’s management team will position the company at the forefront of delivering the next evolution of data management in ways never before seen.”
"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, CEO and Co-founder, Liqid Inc. “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.”
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Liqid is redefining how resources are used and managed within the data center by offering its customers an innovative solution to keep pace with the rapidly-changing IT landscape in real-time. Stay tuned – Big things are surfacing soon. For more information, visit www.liqid.com and follow Liqid on Twitter, LinkedIn and Google+.
About ABR Capital Management
The ABR Venture Capital funds are primarily focused on investing in emerging growth companies. The management team has decades of collective experience analyzing, investing and researching growth companies. By applying sound and disciplined valuation criteria prior to any initial investment, ABR is confident of entering at a proper valuation. This is necessary so investors can best profit on the realization of the investments. The ABR team has extensive financial and operational experience and expertise, as well as the ability to leverage a broad network of contacts and industry players to identify the best and most disruptive companies in various emerging sectors. As with our research framework, our investments focus on long-term value creation. Through an integrated approach, we work closely with companies/partners, align interests (through our own capital), and strive for strong and successful investments and businesses www.abrcapitalmgmt.com.
About DH Capital Management
The ABR Venture Capital funds are primarily focused on investing in emerging growth companies. The managDH Capital is a private investment banking partnership serving companies in the Internet infrastructure, communications, and SaaS sectors. Headquartered in New York City with offices in Boulder, Colorado, the firm’s principals have extensive experience and proven abilities in capital formation, finance, research, business development, and operations. DH Capital provides a full range of advisory services to companies and financial institutions, including mergers and acquisitions, private capital placements, financial restructuring, and operational consulting. DH Capital has completed 120 M&A transactions and private capital placements totaling more than $9.9 billion in value. For additional information about DH Capital, please visit our website at www.dhcapital.com.
About Kingston Technology
Kingston Technology Company, Inc. is the world’s largest independent manufacturer of memory products. Kingston designs, manufactures and distributes memory products for desktops, laptops, servers, printers, and Flash memory products for PDAs, mobile phones, digital cameras, and MP3 players. Through its global network of subsidiaries and affiliates, Kingston has manufacturing facilities in California, Taiwan, China and sales representatives in the United States, Canada, Europe, Russia, Turkey, Ukraine, Australia, New Zealand, India, Taiwan, China, and Latin America. For more information, visit www.kingston.com.
About Phison Electronics
Phison Electronics Corporation was established in November 2000 in Hsinchu, Taiwan. Having developed the world’s first single-chip USB flash drive controller, Phison is now a market leader in NAND controllers and applications across USB, SD, eMMC, PATA, SATA, and PCIe interfaces. In 2012, the company shipped over 679 million controller ICs worldwide. In addition, being a total solution provider, Phison also offers system and OEM services for major retail brand names. As used in this release, the terms “company” and “Phison” refer to Phison Electronics Corporation, www.phison.com.