Westborough IT Firm Raises $25M In Funding
SimpliVity, a Westborough-based information technology firm focusing on infrastructure platforms and storage services, announced that it secured $25 million in Series B funding.
The latest round of funding was led by Silicon Valley-based Kleiner Perkins Caufield & Byers (KPCB), while existing investors Accel Partners and Charles River Ventures also participated.
According to SimpliVity, total funding since its inception in 2009 now totals $43 million. The company will use the new funding to expand its global market activities "as it prepares for a rapid growth year in 2013," the company said.
SimpliVity said it has 10 innovations that are pending patent and that its flagship offering, the OmniCube, has seen major early demand. The OmniCube is an IT infrastructure system that delivers the functionality of more than 10 products, according to SimpliVity.
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