SOURCE: Qumulo

Qumulo

June 03, 2016 09:00 ET

Qumulo Raises $32.5 Million in Series C Funding Round to Build on Momentum, Brings Next-Generation Scale-Out NAS Software to the Modern Enterprise

Investors Include Allen & Company, Kleiner Perkins Caufield & Byers, Madrona Venture Group, Top Tier Capital Partners, and Tyche Partners

SEATTLE, WA--(Marketwired - Jun 3, 2016) - Qumulo, the leader in data-aware scale-out NAS, announced today that it has closed $32.5 million in a Series C funding round. The oversubscribed funding round included participation from new investors Allen & Company, Top Tier Capital Partners, and Tyche Partners, and existing venture investors Kleiner Perkins Caufield & Byers (KPCB), Madrona Venture Group, Highland Capital Partners, and Valhalla Partners. To date, Qumulo has raised $100 million. Qumulo will use the proceeds to extend its market presence throughout North America and Europe, and to invest in widening Qumulo Core's leadership advantage in scale-out data-aware NAS.

"We have enjoyed an incredible first year with a groundbreaking product, tremendous customer demand, industry awards and accolades, and repeat validation from analysts and investors," said Peter Godman, co-founder and CEO of Qumulo. "This overwhelmingly positive market reception confirms that Qumulo is attacking a major problem in enterprise storage with a team uniquely qualified to design and build the next generation of scale-out NAS. This latest funding will accelerate our customer and revenue growth and support an aggressive product roadmap."

Qumulo Core builds real-time data analytics directly into a scalable, POSIX-compliant file system, giving enterprises an unprecedented view of their data and storage resources at vast scale. Qumulo recently introduced Qumulo Core 2.0 and three new QC-Series hybrid storage appliances -- the QC40, QC104, and QC260. New features and benefits in Qumulo Core 2.0 include capacity trends analytics and scalable, efficient, and resilient data protection with erasure coding. Qumulo Core is in production in commercial high performance computing and large-scale unstructured data environments, with customers including Ant Farm, Atomic Fiction, Blind Studios, Densho, FotoKem, MSG Networks, Sinclair Oil, Sportvision, TELUS Studios, UConn Health, University of Utah Scientific Computing and Imaging Institute, Vaisala, ZOIC Studios, and many others.

Since emerging from stealth in March 2015, Qumulo has been recognized with over a dozen industry awards and accolades. Qumulo was recently awarded Gold in TechTarget's SearchStorage and Storage Magazine Products of the Year Award, named a "Vendor to Watch" by leading industry analyst firm Enterprise Management Associates, and named an "Emerging Vendor" by CRN Magazine. These achievements underscore the company's continued innovation and unique architecture as it solves problems in enterprise storage that have never been solved before.

"We are impressed with the early traction Qumulo has in the market and we are thrilled to be part of this rare and exciting opportunity," said Wen Hsieh, general partner at KPCB. "Qumulo addresses the major challenge of digital data growth and management that incumbents find difficult to address. Qumulo brings together a team of proven experts to build an intelligent, high performance and massively scalable storage software technology, disrupting enterprise storage as we've known it."

Helpful Links

Suggested Tweet: @Qumulo raises $32.5M in Series C funding round for enterprise #storage innovation and continued growth http://qumulo.com/3194

About Qumulo
Qumulo, headquartered in Seattle, pioneered data-aware scale-out NAS, which enables enterprises to manage and store enormous numbers of digital assets by building real-time analytics directly into the file system. Qumulo Core is a software-only solution designed to leverage the price/performance of commodity hardware coupled with the modern technologies of flash, virtualization and cloud. Qumulo was founded in 2012 by the inventors of scale-out NAS, and has attracted a team of storage innovators from Isilon, Amazon Web Services, Google, and Microsoft. Qumulo has raised $100 million in three rounds of funding from leading investors. For more information, visit www.qumulo.com.

Contact Information

  • Media Contact:
    Alandea Waidler
    Kulesa Faul for Qumulo
    Email Contact
    831.236.4501