Total amount raised
$347.3 Millions
Latest funding date
07/01/2020
Location
Qumulo has successfully raised significant funding through multiple rounds, with its latest being a Series E. The company is backed by 14 investors, including notable names like TriplePoint Ventures and Madrona.
Qumulo's platform offers advanced data storage solutions for multi-cloud environments, catering to large-scale file data needs. Keep reading to explore the intricacies of Qumulo's fundraising journey and the investors backing this innovative platform.
What Is Qumulo?
Qumulo, founded in 2012, is headquartered in Seattle, Washington. The company was established by Aaron Passey, Neal Fachan, and Peter Godman. It operates in the big data, cloud data services, cloud storage, data management, data storage, enterprise software, and software industries.
With an employee count ranging from 251 to 500, Qumulo provides a file data platform for multi-cloud environments. Their solutions offer real-time visibility, control, and scalability for file data management, catering to various industries and use cases.
How Much Funding Has Qumulo Raised?
- Seed Round
- Amount Raised: $2.3M
- Date: March 2012
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and initial product development.
- Series A
- Amount Raised: $24.5M
- Date: November 2012
- Lead Investors: Highland Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series B
- Amount Raised: $40M
- Date: February 2015
- Lead Investors: Kleiner Perkins
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product capabilities.
- Series C
- Amount Raised: $32.5M
- Date: June 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support market expansion and product innovation.
- Series C
- Amount Raised: $30M
- Date: April 2017
- Lead Investors: Northern Light Venture Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand market reach and enhance product features.
- Series D
- Amount Raised: $93M
- 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: $125M
- 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: $347.3M
Current Valuation: Not publicly disclosed
Key Investors
- BlackRock Private Equity Partners
- Details: BlackRock Private Equity Partners is a global investment management organization. They led the Series D funding round for Qumulo.
- Investment Focus Areas: Not explicitly mentioned.
- Notable Investments: Not mentioned.
- Kleiner Perkins
- Details: Kleiner Perkins is a venture capital firm known for backing innovative companies. They participated in multiple funding rounds for Qumulo, including Series D.
- Investment Focus Areas: Not explicitly mentioned.
- Notable Investments: Not mentioned.
- Highland Capital Partners
- Details: Highland Capital Partners is a venture capital firm that invests in early and growth-stage companies. They have been involved in several funding rounds for Qumulo.
- Investment Focus Areas: Not explicitly mentioned.
- Notable Investments: Not mentioned.
- Madrona Venture Group
- Details: Madrona Venture Group is a venture capital firm that focuses on early-stage technology companies. They are one of the key investors in Qumulo.
- Investment Focus Areas: Not explicitly mentioned.
- Notable Investments: Not mentioned.
- Northern Light Venture Capital
- Details: Northern Light Venture Capital is a venture capital firm that invests in early and growth-stage companies in China. They led the Series C funding round for Qumulo.
- Investment Focus Areas: Not explicitly mentioned.
- Notable Investments: Not mentioned.
What's Next for Qumulo?
Qumulo stands at the cusp of significant opportunities, driven by the explosion of digital content and the increasing need for scalable storage solutions. The company is poised to expand into new markets and industries, leveraging its partnerships with major players like HPE and AWS. With hundreds of petabytes of data stored and billions of files under management, the potential for growth is immense.
Future fundraising opportunities appear promising, given the strong investor confidence demonstrated in the recent Series D round. The involvement of major investors like BlackRock and Goldman Sachs suggests that Qumulo could easily attract additional funding to support its ambitious expansion plans. However, the company must navigate challenges such as competition from legacy vendors and the need to continuously innovate to meet evolving customer demands.
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