Volumez – a modern cloud infrastructure company – announced that it has completed a $20 million Series A financing round led by Koch Disruptive Technologies with participation from existing investors, Viola Ventures and Pitango. Volumez’ innovative controller orchestration software harnesses the power of Linux to quickly execute modern data infrastructure workloads using a declarative interface that makes it easier to deploy a wide variety of applications in hybrid and multi-cloud environments.
Volumez is known for helping businesses convert knowledge into intelligence quickly, easily, and at scale. This is important for businesses due to the pervasive adoption of large-scale data analytics, artificial intelligence, and machine learning systems across industries – which has created an unprecedented challenge.
What the funding will be used for: The company plans to use the funding to continue to expand its customer base and grow its business operations in the U.S. while maintaining R&D execution in Israel.
KEY QUOTES:
“Volumez technology is set to revolutionize the data infrastructure market, allowing, for the first time, hybrid and multi-cloud deployments at scale with significantly improved performance and latency compared to state of the art on-premises solutions with cloud extensions. This investment supports our vision to transform Koch Industries by partnering with exceptional entrepreneur CTO Jonathan Amit and CEO Amir Faintuch to bring Volumez’s groundbreaking technology to market.”
– Chase Koch, Founder and CEO, Koch Disruptive Technologies
“The funding support from Koch Disruptive Technologies validates our investment in Volumez. Volumez’s innovative technology breaks the bottlenecks inherent in traditional cloud architecture and radically transforms data services in the modern cloud. We welcome the partnership with Koch Disruptive Technologies, and are excited to be working with Amir Faintuch and his team in delivering the solution to customers.”
– Eyal Niv, Partner, Pitango First
