About LIQID
Liqid builds hardware and software for data centers that need to share memory, graphics processors, and storage across servers. The system shifts those resources between machines as workloads change. It supports artificial intelligence, scientific computing, and data analytics. Liqid serves financial institutions, universities, and government users. It also targets media companies and cloud providers. Financial firms can use shared graphics processors for trading, fraud detection, and customer-service tools.
Founded in the greater Denver area, Liqid is headquartered in Westminster, Colorado. Rick Hegberg is chief executive officer. Founder Sumit Puri is chief technology officer.
Funding Rounds (SEC Form D)
| First sale | Filed with SEC | Amount sold | Investors | Avg. check | Terms | Filing |
|---|---|---|---|---|---|---|
| May 12, 2026 | Oct 19, 2026 | $26,950,000of $28.4M target | 16 | $1.6M | EquityRule 506(b) | Form D ↗ |
| May 12, 2026 | May 14, 2026amended Oct 19, 2026 | $26,950,000of $28.4M target | 16 | $1.6M | EquityRule 506(b) | Form D/A ↗1 earlier filing |
| Sep 24, 2025 | Oct 3, 2025 | $750,000fully sold | 1 | $750K | EquityRule 506(b) | Form D ↗ |
| Oct 11, 2024 | Oct 25, 2024 | $22,257,821of $25.0M target | 5 | $4.4M | EquityRule 506(b) | Form D ↗ |
| Sep 15, 2021 | Sep 30, 2021amended Nov 17, 2021 | $79,000,000of $81.2M target | 17 | $4.6M | EquityRule 506(b) | Form D/A ↗1 earlier filing |
| Aug 15, 2019 | Aug 28, 2019 | $12,300,000of $20.0M target | 3 | $4.1M | EquityRule 506(b) | Form D ↗ |
| Nov 20, 2018 | Dec 6, 2018 | $7,474,600of $7.5M target | 3 | $2.4M | Debt, Options, Securities on exerciseRule 506(b) | Form D ↗ |
| Feb 13, 2017 | Feb 22, 2017 | $5,751,236fully sold | 4 | $1.4M | Equity, OptionsRule 506(b) | Form D ↗ |
| Apr 23, 2015 | Apr 29, 2015 | $1,850,000of $2.0M target | 3 | $616K | EquityRule 506(b) | Form D ↗ |
| Aug 8, 2014 | Nov 13, 2014 | $2,325,000of $4.0M target | 5 | $465K | Debt, Securities on exerciseRule 506(b) | Form D ↗ |
| Total, ten offerings | $185,608,657 | |||||
First sale is the date the first investor in the offering committed to invest. Companies must file Form D within 15 days of that date, so filing dates run later.
Rounds announced by LIQID
What the company said publicly about its funding. Announced amounts can differ from Form D figures: an announcement can combine several closings, and some money is raised without a Form D.
| Announced | Round | Amount | Investors | Source |
|---|---|---|---|---|
| Dec 7, 2021 | Funding round | $100 million | SiliconANGLE ↗ |
Why Investors Backed LIQID
Liqid sells systems that pool memory and graphics processors for data centers running artificial intelligence and scientific workloads. The investment case centers on making costly components work harder. Customers can reassign capacity rather than buy a fixed server setup for every workload. Liqid's case is that this approach can cut costs while increasing usable computing capacity.
The problem it targets
Liqid argues that traditional data centers bind memory and graphics processors to individual servers, so capacity cannot follow demand. That can leave costly processors idle or stall jobs when one machine runs short of memory. Long-context artificial intelligence and changing inference stages need different amounts of memory and processing power. Another fixed server for every peak also raises capital, operating, and power costs.
What the product does
Matrix software and purpose-built hardware create shared pools of memory and graphics processors. UltraStack can connect as many as 30 AMD Instinct MI350P graphics processors to one server or share them across servers. The memory fabric supplies up to 100 terabytes of working memory to one server or shares it across 16 nodes. Abaco manages both pools through one control layer and sets resource ratios for each job.
Progress so far
PNNL uses Liqid's memory pooling in its Abaco large-scale computing platform for scientific workloads. Durham University deployed Liqid infrastructure to research the universe's history. WWT planned to feature Matrix with Dell and Intel technology in its Advanced Technology Center. Deloitte ranked Liqid No. 131 in its North America Technology Fast 500 after 1,034% revenue growth. HPCwire named it a 2021 Top 5 Vendor to Watch. Liqid also reports a high-performing Orange Silicon Valley single-node GPU system.
How the market is moving
In Liqid's view, enterprise artificial-intelligence costs are rising because hardware remains inefficient. Cost per token matters more than simply rationing usage. Memory capacity and bandwidth can constrain performance even when graphics processors are available. This trend favors systems that expand memory separately from computing and keep processors working.
We wrote this summary from public statements by LIQID and its investors. It is not investment advice.
Leadership Team
Executive officers and directors listed on LIQID's Form D filed Oct 19, 2026.
Earlier filings also listed Edgar Masri (chief executive officer and director, last listed Oct 2025), Jim Antes (executive officer, last listed Oct 2024), Bryan Schramm (executive officer, last listed Oct 2024), Tom Juracek (director, last listed Nov 2021), Stephen George (director, last listed Nov 2021), Marty Friedman (director, last listed Nov 2021), Farbod Raam (director, last listed Nov 2021) and Michael Raam (director, last listed Aug 2019).