Simplivity raised funds of $175 mn

Simplivity, a company that sells IT hardware that’s intended to be simpler to deploy than traditional machines, has secured a $175 million Series D round of funding at a post-money valuation of more than $1 billion.

The investment was led by Waypoint Capital, a Switzerland-based growth equity fund controlled by the Bertarelli family, which made its fortune with Serono, a pharmaceutical company. Waypoint invested in Simplivity after experiencing the product as a customer.

Prior investors include the venture capital firms Accel Partners, Charles River Ventures, DFJ Growth, Kleiner Perkins and Meritech Capital Partners, all of which contributed to the round. The funding brings Simplivity’s total capital raised to $276 million.

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