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Private Equity Wire: Earth Capital portfolio company SoftIron raises USD34m in Series B financing round

Date published: Thursday, 2 April 2020

Earth Capital portfolio company SoftIron Ltd, a London-based developer of energy-efficient Ceph storage hardware and software for data centres, has secured USD34 million in new capital.

The funding, led by company chairman Norman Fraser, supported by Earth Capital, the global investment firm, and various existing investors, will be deployed to expand its presence across North America, Europe and the APAC region. SoftIron will also use the injection of new capital to strengthen engineering initiatives to further build out its portfolio of data centre appliances based on open-source software.

 

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