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Qumulo accumulates $32.5m
Next-gen filer startup Qumulo has scored $32.5m in a C funding round.
Total funding has reached $100mn. This latest round follows on from last year’s $40m B-round. It was over-subscribed with participation from new investors Allen & Company, Top Tier Capital Partners, and Tyche Partners, and existing venture investors Kleiner Perkins Caufield & Byers (KPCB), Madrona Venture Group, Highland Capital Partners, and Valhalla Partners. Why the extra cash? It says it will extend its market presence throughout North America and Europe, and “invest in widening Qumulo Core’s leadership advantage in scale-out data-aware NAS.” Qumulo laid off staff in April, after announcing v2.0 of its Core IS software. ®