Qumulo Raises $32.5M More in Bid to Storm Data Storage Market
With a new $32.5 million funding round, Qumulo has now raised $100 million in four years to tackle the enterprise data storage market.
The Seattle company on Friday released details of the Series C investment, disclosed in an SEC filing Wednesday. New investors Allen & Company, Top Tier Capital Partners, and Tyche Partners join prior Qumulo backers Kleiner Perkins Caufield & Byers, Madrona Venture Group, Highland Capital Partners, and Valhalla Partners.
The company will invest the new capital in continued growth and technical improvements of its software-defined data storage system.
Qumulo said earlier this spring that it had amassed more than 50 customers storing upwards of 40 petabytes (or 40 million gigabytes) of data in aggregate, during its first year on the market.
Qumulo, founded by senior executives of Isilon Systems, a data storage company acquired by EMC in 2010 for $2.25 billion, is bullish on its technology and market positioning.
“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,” co-founder and CEO Peter Godman said in a news release. “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 [network-attached storage].”