Qumulo Raises $93 Million in Series D Funding as Market Disruptor Enters Next Phase of Hyper Growth

Qumulo, Inc., the pioneer and leader in file storage for the cloud era, 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.

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Qumulo is pioneering an entirely new category of enterprise storage that addresses the intersection of three important 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. Qumulo is the only modern storage company with the technology and market traction to help customers store, manage and access their file data at scale, on-premises and in the public cloud, anywhere in the world. Further validating Qumulo’s market position and leadership, the new funding will support the company’s explosive growth as it enters its next phase of maturation.

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“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 of Qumulo. “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, 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.”

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