Qumulo: $125 Million Funding And $1.2 Billion Valuation

By Amit Chowdhry ● July 20, 2020
  • Qumulo — the leading file data platform that helps organizations easily create and manage their file data at scale — announced it raised $125 million in Series E funding at a valuation of over $1.2 billion

Qumulo — the leading file data platform that helps organizations easily create and manage their file data at scale with unrivaled freedom, control, and real-time visibility — announced it raised $125 million in Series E funding at a valuation of over $1.2 billion. This round of funding was led by BlackRock. This funding round also included strong participation from Highland Capital Partners, Madrona Venture Group, Kleiner Perkins, and new investors including Amity Ventures.

Including this round of funding, Qumulo has raised $351 million in total. And the new funding will be used for accelerating innovation and scaling across the globe.

The world’s largest organizations have been marching toward a digital transformation, but the ability to digitize the workflows needed to create movies, discover vaccines and cures, and enable AI and IoT applications with large scale file data is yet to be unleashed. Qumulo is known for being at the intersection of two megatrends impacting IT: the digitalization of our world and the advent of cloud computing.

The company’s customers like the Institute for Health Metrics and Evaluation (IHME) rely on the Qumulo file data platform to help researchers combat global disease. And IHME turned to Qumulo to manage petabytes of health research data.

The Qumulo platform provides the scalability and operational visibility necessary to conduct and store life-saving research. And with Qumulo, IHME can provide this vital research to policymakers and healthcare institutions to empower them with the evidence they need to make informed decisions ultimately saving lives.

Qumulo’s file data platform is defining a new category in enterprise data management, providing its customers the most advanced solution available in the market for managing and accessing file data to create new services and applications. And Qumulo has been continuing to innovate to serve the world’s leading enterprises like Shell, Hyundai, Capsilon (part of Ellie Mae), Progenity, Vexcel, and Cinesite.

With this round of funding, Qumulo will fuel its global market expansion, strategic partnerships, and to accelerate innovation of its platform to democratize file data management in multi-cloud environments.

KEY QUOTES:

“This latest investment is a great recognition of our category leadership and unique capabilities to help customers create, manage, and gain value from their file data at scale. It will help Qumulo accelerate our ability to serve the world’s leading enterprises with the freedom, control and performance that organizations need now more than ever. We see rapidly increasing demand driven from content creators which span artists creating Hollywood blockbusters, to researchers solving global pandemics, to engineers putting rockets into space. Qumulo today is trusted to manage more than 150 billion mission-critical files that are at the core of innovation and progress.”

— Bill Richter, CEO of Qumulo

“We continue to be impressed by Qumulo’s ability to innovate, execute and accelerate its business to meet some of the world’s toughest enterprise requirements. Qumulo’s disruptive model has defined an entirely new category that tackles the formidable challenge of creating and managing digital content at a scale and performance that is only getting bigger. This investment allows our clients to benefit from the technologic trends driving increasing digitization and cloud-based collaboration across the business landscape.”

– Samir Menon, Director in BlackRock Private Equity Partners