Data storage startup Qumulo raises $32.5 Million


Qumulo, Seattle based data storage startup has raised $32.5 Million in the latest funding round led by Allen & Company, Top Tier Capital Partners, and Tyche Partners. Previous investors such as Kleiner Perkins Caufield & Byers, Madrona Venture Group, Highland Capital Partners, and Valhalla Partners also participated in the round. The raised funds will be used to strengthen the existing and develop new technology along with acquiring more customers.

Qumulo was founded in 2012 and including the latest round, it has raised $100 million. The previous round came over a year back in March 2015 when the startup had raised $40 Million in Series B round.

Reacting to the development, Peter Godman, CEO Qumulo stated his happiness over the growing positive response over the last year and said that the customers have given a great support to make it a success in recent times.

The startup helps the users to store their data along with providing them smart insights about the data and its storage. The latest technology helps users to understand their needs and also alerts them about any possible threat in the future.