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Venture Capital News: Qumulo Grabs $30M

SEATTLE, WA, Qumulo, a modern scale-out storage, closed a $30m C Prime funding round.
According to Finsmes, the round was led by new investors Northern Light Venture Capital with participation from existing investors Kleiner Perkins Caufield & Byers (KPCB), Madrona Venture Group, Top Tier Capital Partners, and Tyche Partners.

The company, which has raised over $130m to date, will use the funding to accelerate market and global expansion into vertical industries in North America, Europe and Asia.

Led by Founder and CTO Peter Godman, Chief Scientist Neal Fachan, CEO Bill Richter, vice president of worldwide sales Eric Scollard, and vice president of marketing Jay Wampold, Qumulo provides an enterprise-ready, scale-out storage solution. Qumulo Core stores tens of billions of files with offers full data management and real-time visibility into storage use at petabyte scale. This enables storage administrators to instantly see usage, activity and throughput history at any level of the unified directory structure, no matter how many files in the file system, to pinpoint problems and manage how storage is used.

Qumulo Core uses highly scalable commodity hardware, including SSD and HDD technologies.

Last month, the company announced the latest release of the product that included a real-time capacity quotas at petabyte scale and Qumulo QC360, a new storage platform with density, performance and economy.
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