Multi-Cloud File Data Platform, Qumulo secured $125 Million in Funding

July 18, 2020

Qumulo, a Seattle based file data platform for organizations to create and manage their file data has now secured $125 million in Series E funding round.

Qumulo is founded by Bill Richter. The company offers a file data platform for multi-cloud environments, giving control, and real-time visibility for file data at a massive scale. The company's client base includes the Capsilon, Shell, Hyundai, Cinesite, Vexcel, and Progenity.

Executive Opinion

Bill Richter, CEO of Qumulo, said, "This latest investment is a great recognition of our category leadership and unique capabilities to help customers create, manage, and gain value from their file data at scale. It will help Qumulo accelerate our ability to serve the world’s leading enterprises with the freedom, control and performance that organizations need now more than ever. We see rapidly increasing demand driven from content creators which span artists creating Hollywood blockbusters, to researchers solving global pandemics, to engineers putting rockets into space. Qumulo today is trusted to manage more than 150 billion mission-critical files that are at the core of innovation and progress."

Samir Menon, Director in BlackRock Private Equity Partners, said, "We continue to be impressed by Qumulo’s ability to innovate, execute and accelerate its business to meet some of the world’s toughest enterprise requirements. Qumulo’s disruptive model has defined an entirely new category that tackles the formidable challenge of creating and managing digital content at a scale and performance that is only getting bigger. This investment allows our clients to benefit from the technologic trends driving increasing digitization and cloud-based collaboration across the business landscape."

Qumulo's Latest Funding

The funding round is led by BlackRock, which brings the total funding to $351 million.

The financing includes participation from the Highland Capital Partners, Kleiner Perkins, Madrona Venture Group, and Amity Ventures.

The company, as of now, has plans to use the new funds to accelerate its global market expansion, strategic partnerships and bring innovations to its platforms, notes the announcement.

PC: Pablo, Pixabay

Note: We at TechSutram take our ethics very seriously. More information about it can be found here.

#cloud-computing

#funding

#NEWS

#startups

#z.Udit.Agarwal

Udit Agarwal Opinions expressed by techsutram contributors are their own. More details

Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.