22 June -2016: Qumulo, Inc., in data-aware scale-out NAS, 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 LLC, 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. The company will use the proceeds to extend its market presence throughout North America and Europe, and to invest in widening Qumulo Core’s 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. “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 a 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 HPC 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.
Since emerging from stealth in March 2015, Qumulo has been recognized with over a dozen industry awards and accolades. It was recently awarded Gold in TechTarget’s SearchStorage and Storage Magazine Products of the Year Award, named a Vendor to Watch by industry analyst firm Enterprise Management Associates, and named an Emerging Vendor by CRN Magazine. These achievements underscore the company’s continued innovation and architecture as it solves problems in enterprise storage.
“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, 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.”