Qumulo Finalizes $30M in Funding to Support Global Expansion of its Scale-Out Storage Platform at Petabyte Scale

Qumulo today announced the finalization of $30M in funding led by Northern Light Venture Capital, a new investor, with additional participation from existing investors Kleiner Perkins Caufield & Byers (KPCB), Madrona Venture Group, Top Tier Capital Partners, and Tyche Partners. The oversubscribed funding round brings the total capital raised by Qumulo to over $130M. The funding will be used to accelerate Qumulo’s market expansion and global growth in geographies such as North America, Europe and Asia in recognition of an intensified need amongst enterprises to replace legacy storage platforms with Qumulo’s data-aware, scale-out storage infrastructure. Qumulo’s scale-out storage platform delivers the ability to deploy and manage petabyte-scale storage and subsequently provide insight into the usage of billions of files as well as the data stored within those files. Qumulo’s ability to empower enterprises to manage multi-petabyte storage deployments, in conjunction with the granular visibility it provides into storage trends, renders it a disruptive force in the battle to transform legacy storage to accommodate the business needs of big data storage for on-premise and cloud-based infrastructures. Qumulo’s Series C funding raise comes soon after the February 2017 release of Qumulo Core 2.6, a new version of its data aware storage platform in addition to QC 360, a hybrid storage appliance and the November 2016 appointment of former EMC executive Bill Richter as the company’s CEO. With a roster of investors that include Amazon Web Services, Isilon, Microsoft and Google, Qumulo stands poised to continue to shake up the legacy storage landscape by delivering a solution that differentiates by way of its ability to manage petabyte-scale storage with a high degree of performance in addition to keen visibility into storage patterns. The latest funding raise promises to inaugurate the next wave of Qumulo’s growth as Qumulo expands globally and correspondingly enriches its product in relation to customer feedback and the unfolding of the company’s larger strategic vision.