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Qumulo Raises $40 Million in Series B, Total at $67 Million

Isilon founder Sujal Patel joins board of stealth storage company

Qumulo, Inc., a stealth-mode enterprise storage start-up, has closed a $40 million Series B funding round.

The funding was led by Kleiner Perkins Caufield & Byers (KPCB) with participation from existing investors Highland Capital Partners, Madrona Venture Group and Valhalla Partners.

Qumulo,patel The company also announced that Sujal Patel, founder of Isilon, which was acquired by EMC for $2.5 billion in 2010, Wen Hsieh, partner at KPCB, and Matt McIlwain, MD at Madrona Venture Group, have joined the company’s board.

The Series B round brings Qumulo’s total funding to $67 million.

Qumulo’s offering has met with positive early customer response. The company will use this investment to expand product development and scale marketing and sales efforts to support the company’s go-to-market strategy. The company is founded and led by a team of scale-out NAS experts to build a modern and disruptive scale-out storage solution.  

Enterprises are grappling with the challenge of how to understand, store, and cost-effectively manage an incomprehensible number of files and digital assets,” said Peter Godman, co-founder and CEO, Qumulo. “The caliber of venture capital investors and board members that have joined us underscores the huge market opportunity that exists and reflects investor confidence in the work accomplished over the last three years by our team.

Qumulo is poised to disrupt a huge and rapidly growing market. They have quietly assembled a world-class team including ex-Isilon technical leadership to tackle and change the way enterprises deal with the massive explosion of digital data, such as files, music, pictures and videos,” said Wen Hsieh, partner, KPCB. “We’re excited to have led the investment in Qumulo’s latest financing. When you combine this level of experience, talent and technology, you get a very disruptive outcome that will re-shape the future of enterprise storage.”

Qumulo presents so much potential to change the enterprise storage game,” said Patel. “The team is addressing the major problem of digital data growth and management that will only continue to compound, with the rare expertise required to build high performance, massive scale-out NAS software. By attacking the root of the problem – managing the data, rather than managing the storage-new outcomes are possible. When Qumulo enters the market, it will have a significant impact on enterprise scale-out NAS.”

Read also:
Storage Start-Up Qumulo Closes $24.5 Million in Series A
Just founded by Isilon vets

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