USA – Qumulo, a Seattle, WA-based file data platform for organizations to create and manage their file data at scale, control and real-time visibility, raised $125m in Series E funding, at a valuation of more than $1.2 Billion.
With the close of this round, led by funds managed by BlackRock, the company’s total funding will grow to $351m. The financing includes participation from Highland Capital Partners, Madrona Venture Group, Kleiner Perkins, and new investors including Amity Ventures. The company will use the funds to accelerate its global market expansion and strategic partnerships and bring innovations to its platform. Led by Bill Richter, CEO, Qumulo provides a file data platform for multi-cloud environments, giving control and real-time visibility for file data at massive scale. Fortune 500 companies, major film studios, and research facilities use it for managing and accessing file data to create new services and applications. The company serves leading enterprises such as Shell, Hyundai, Capsilon (part of Ellie Mae), Progenity, Vexcel and Cinesite. 16/07/2020
