Qumulo Raises $40M for Enterprise Storage

Qumulo, a start-up based in Seattle, announced $40 million in Series B funding. The company is focused on enterprise data storage but has not yet disclosed its product plans.

The funding was led by Kleiner Perkins Caufield & Byers (KPCB) with participation from existing investors Highland Capital, Madrona Venture Group and Valhalla Partners. The company has raised a total of $67 million to date.

“Enterprises are grappling with the challenge of how to understand, store, and cost-effectively manage an incomprehensible number of files and digital assets,” said Peter Godman, co-founder and CEO of Qumulo. “The caliber of venture capital investors and board members that have joined us underscores the huge market opportunity that exists and reflects investor confidence in the work accomplished over the last three years by our team.”

http://qumulo.com/