Stealthy Start-Up Liqid Secured $5.7 Million in Seed Funding …

Still in stealth, Liqid Inc. based in Lafayette, CO, has secured $5.7 million last May in seed funding led by Kingston Technology Company, Inc., Phison Electronics Corporation, ABR Capital Management, and additional investments aggregated by DH Capital.

The financing round will be used to advance R&D 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, VP of specialty flash storage business, Kingston. “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. “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 MD, 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 in 2013 of Liqid, previously chairman and CEO of pureSilicon and product manager, SSDs and flash drives at PNY Technologies . “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.”