Qumulo Got $93 Million in Series D Funding

Qumulo, Inc. 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.

Qumulo is pioneering a new category of enterprise storage that addresses the intersection of three trends: the explosion of digital content impacting every aspect of our lives, the utilization of machine learning and next-generation analytics to derive value from that data, and the standardization of cloud architectures in the enterprise. The firm helps customers store, manage and access their file data at scale, on-premises and in the public cloud, anywhere in the world. Further validating company’s market position and leadership, the new funding will support the company’s growth as it enters its next phase of maturation. 

“Our customers are demanding a fundamentally different approach to managing and storing the large and dispersed data that their businesses rely on. Legacy storage vendors can’t keep up as they are built on 15 to 25 year-old architectures that optimized proprietary hardware, not software or the public clouds. They simply never contemplated today’s requirements,” said Bill Richter, CEO. “This latest funding round is not only a testament to our team’s vision and accomplishments, but the capital also secures our plans for continued expansion, accelerated product capabilities and long term company sustainability. Everything we do is rooted in our commitment to meeting our customers’ growing and evolving data needs, while advancing the entire industry through rapid and focused innovation.“

“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, MD, 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, 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. 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.

This news follows the recent appointment of Peter Zaballos as CMO. He was tapped for his marketing innovation and proven track record with high-growth companies as they scale – and was brought on to oversee global marketing and prepare the company for its next stage of growth.

Qumulo File Fabric (QF2) is a scalable file storage system that was designed to meet all requirements for scale. It 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.