The fast-growing, hyper-converged infrastructure startup SimpliVity said Tuesday that it raised $175 million in series D funding, which it plans to use to continue targeting midmarket customers through its channel partners.
"The midmarket is ripe for transformation," said CEO Doron Kempel, during a media conference call on Tuesday. "The strategic imperative is to continue to broaden the scope of enabled loyal VARs who can reach the midmarket and higher end."
SimpliVity, Westborough, Mass., has now raised a total of $276 million and will continue to emphasize finding, enabling, motivating and training partners, Kempel said.
The latest funding gives SimpliVity a valuation of more than $1 billion. According to Kempel, SimpliVity grew revenue by more than 500 percent year-over-year with 100 percent of sales going through the channel into 2014. The company also expanded resellers into 50 countries and grew its employee base to more than 400 worldwide.
SimpliVity's flagship OmniCube product combines compute, storage backup and deduplication, networking, WAN optimization, and other enterprise technologies on x86 server hardware.
Barry Shevlin, CEO of Vology, a Tampa, Fla.-based solution provider and SimpliVity partner, told CRN that he's seeing growing demand for hyper-converged infrastructure from his customers.