Qumulo Raises $93 Million in Series D Funding
SEATTLE, June 6, 2018 — Qumulo, Inc., a pioneer and leader in file storage for the cloud era, today announced that the company has closed $93 million in Series D funding. The oversubscribed funding round attracted participation by global investment management organizations, including the round’s lead investor, with funds managed by BlackRock Private Equity Partners. Goldman Sachs and Western Digital also participated in the round. The Series D round also included follow-on investments from all major existing investors, including Highland Capital Partners, Kleiner Perkins Caufield & Byers (KPCB), the Madrona Venture Group, and Valhalla Partners.
“The incredible expansion of file-based data in today’s cloud era presents companies with the daunting challenge of storing, managing and accessing their digital content at scale,” said Muhammad Mian, a Managing Director with BlackRock Private Equity Partners. “Qumulo’s disruptive model has defined an entirely new category of enterprise storage, providing many of the world’s leading companies with the most advanced solution on the market.”
Since inception, Qumulo has demonstrated increased momentum, impressive growth and record pace of adoption in large enterprises worldwide. With hundreds of petabytes of data stored, billions of files under management globally and triple digit year-over-year growth, the company has become the pioneer in the next generation of file storage. Qumulo’s customers include three of the five largest companies on earth, nine of the 10 top Hollywood studios and many of the most admired Fortune 500 companies. Today’s news follows the recent appointment of Peter Zaballos as Chief Marketing Officer. Zaballos was tapped for his marketing innovation and proven track record with high-growth companies as they scale — and was brought on to oversee Qumulo’s global marketing and prepare the company for its next stage of growth.
Qumulo® File Fabric (QF2) is a modern, highly scalable file storage system that was designed from the ground up to meet all of today’s requirements for scale. QF2 runs in the data center and the public cloud, and can scale to billions of files. It handles small files as efficiently as large ones. QF2’s analytics let administrators drill down to the file level, get answers and solve problems in real-time. With QF2, enterprise customers have the freedom to store, manage and access petabytes of their file-based data in any operating environment on a global scale.
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