SoftIron Ltd has secured $34 million in Series B equity funding from a group of its existing investors led by co-founder Norman Fraser.
“What’s most exciting for us is the realization of our original vision holistically to address the needs of every aspect of today’s data center,” said Phil Straw, CEO of SoftIron.
Growth plans: SoftIron will use the funding to expand its presence across North America, Europe, and the APAC region with planned growth in sales, product marketing, and support.
- In addition, the funding will strengthen engineering initiatives to build its portfolio of data center appliances based on leading open source software solutions.
- SoftIron recently expanded its offering to address the full spectrum of data center requirements, most recently with the addition of HyperSwitch.
“We are no longer just building a storage appliance; we are offering a coherent end-to-end solution that I believe will revolutionize the enterprise data center. Coupled with our auditable hardware and Secure Provenance promise, we are well-positioned to take our business to the next level,” Straw added.
Fraser is a serial IT entrepreneur whose previous successes include two IPO tech stars that achieved unicorn valuations: Vocalis and Endava.