SimpliVity, a Westborough, Mass.-based provider of hyperconverged infrastructure for IT, raised $175m in series D funding.
The round valued the company, which has raised $276m to date, at more than $1 billion.
The round was led by Waypoint Capital, the business enterprise for the Bertarelli family’s investments and headquartered in Geneva, Switzerland, with participation from existing investors Accel Partners, Charles River Ventures, DFJ Growth, Kleiner Perkins Caufield & Byers (KPCB) and Meritech Capital Partners.
The company intends to use the funds to expand operations.
Led by Doron Kempel, CEO, SimpliVity provides a hyperconverged infrastructure platform that delivers enterprise-class performance and availability for today’s IT leaders, including the cloud economics their business demands. The solution is available worldwide through its network of resellers and distributors.
The company employs more than 400 worldwide in 18 countries.