Total amount raised
$347.3 Million
Latest funding date
07/01/2020
Location
Qumulo has successfully raised multiple funding rounds, with the latest being a Series E round involving prominent investors like BlackRock Private Equity Partners. The company has garnered support from a total of 14 investors, including TriplePoint Ventures and Madrona.
Qumulo's fundraising journey reflects its commitment to advancing data storage solutions across cloud and on-premises environments. Keep reading to explore the intricacies of Qumulo's fundraising journey and the investors backing this innovative platform.
What Is Qumulo?
Qumulo, based in Seattle, Washington, provides a file data platform designed for multi-cloud environments that handle large-scale file data. The company operates in various sectors, including Big Data, Cloud Data Services, Cloud Storage, Data Management, Data Storage, Enterprise Software, and Software.
Founded by a team of experts in data storage, Qumulo has grown to employ between 251 and 500 people. The company offers advanced data storage solutions like the Qumulo Cloud Data Platform and Qumulo Cloud Data Fabric, serving industries such as energy, financial services, healthcare, higher education, life sciences, media & entertainment, and the public sector.
How Much Funding Has Qumulo Raised?
- Seed Round
- Amount Raised: USD 2,300,000
- Date: March 2012
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial product and build the core team.
- Series A
- Amount Raised: USD 24,500,000
- Date: November 2012
- Lead Investors: Highland Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product development and expand the team.
- Series B
- Amount Raised: USD 40,000,000
- Date: February 2015
- Lead Investors: Kleiner Perkins
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product offerings.
- Series C (June 2016)
- Amount Raised: USD 32,500,000
- Date: June 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and improve product capabilities.
- Series C (April 2017)
- Amount Raised: USD 30,000,000
- Date: April 2017
- Lead Investors: Northern Light Venture Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further product development and expand into new markets.
- Series D
- Amount Raised: USD 93,000,000
- Date: June 2018
- Lead Investors: BlackRock Private Equity Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support continued expansion and accelerate the adoption of enterprise storage solutions.
- Series E
- Amount Raised: USD 125,000,000
- Date: July 2020
- Lead Investors: BlackRock Private Equity Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product capabilities and ensure long-term sustainability.
Total amount raised: USD 320,300,000. Current valuation: Not publicly disclosed.
Key Investors
- BlackRock Private Equity Partners
- Details: BlackRock Private Equity Partners is a division of BlackRock, a global investment management corporation. They manage funds and invest in private equity opportunities.
- Investment Focus Areas: Private equity, various sectors.
- Notable Investments: Qumulo.
- Kleiner Perkins
- Details: Kleiner Perkins is a venture capital firm that invests in technology and life sciences companies. They have a long history of backing innovative startups.
- Investment Focus Areas: Technology, life sciences, innovation.
- Notable Investments: Qumulo.
- Highland Capital Partners
- Details: Highland Capital Partners is a venture capital firm that invests in early and growth-stage companies. They focus on sectors like technology and healthcare.
- Investment Focus Areas: Technology, healthcare, early and growth-stage companies.
- Notable Investments: Qumulo.
- Madrona Venture Group
- Details: Madrona Venture Group is a venture capital firm based in Seattle. They invest in early-stage technology companies in the Pacific Northwest.
- Investment Focus Areas: Technology, early-stage companies, Pacific Northwest.
- Notable Investments: Qumulo.
- Goldman Sachs
- Details: Goldman Sachs is a leading global investment banking, securities, and investment management firm. They provide a wide range of financial services to a substantial and diversified client base.
- Investment Focus Areas: Investment banking, securities, investment management.
- Notable Investments: Qumulo.
What's Next for Qumulo?
Qumulo stands at the cusp of significant growth opportunities, driven by the increasing demand for scalable and efficient file storage solutions. The company is poised to expand into new markets and industries, leveraging the explosion of digital content and the adoption of cloud architectures. With a strong customer base that includes major enterprises and Hollywood studios, Qumulo's potential for growth is vast.
Future fundraising opportunities appear promising, as the company may attract additional investment to support its expansion and innovation strategies. However, Qumulo will need to navigate challenges such as competition from legacy storage vendors and the complexities of scaling operations globally. By continuing to innovate and enhance its product offerings, Qumulo is well-positioned to capitalize on the growing demand for advanced data storage solutions.
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