Qumulo joined the Unicorn Club on July 16, 2020 after raising a $125 million Series E funding round led by BlackRock, valuing the company at $1.2 billion. Headquartered in Seattle, Washington, United States, Qumulo provides enterprise cloud storage management software with features including file workload management, cloud-native service management, project management, and automated infrastructure management.
Keep reading to learn how Qumulo became a leader in enterprise storage and IT operations.
What Is Qumulo and What Does It Do?
Founded in 2012, Qumulo develops enterprise cloud storage management software for large-scale organizations. The platform helps enterprises manage file workloads, optimize cloud-native services, automate infrastructure, and handle project and enterprise capabilities management. Qumulo integrates real-time analytics and scalable storage solutions to ensure reliability, performance, and efficiency across hybrid and cloud environments.
How Much Funding Has Qumulo Raised?
1. Seed Round
- Amount Raised: $2.3 million
- Date: 2012
- Lead Investors: Top Tier Capital Partners
- Purpose: Launch company, hire engineering team, and develop core storage platform
2. Series A Round
- Amount Raised: $8 million
- Date: 2013
- Lead Investors: Top Tier Capital Partners
- Purpose: Build storage software, expand R&D team, and develop enterprise-grade platform
3. Series B Round
- Amount Raised: $33 million
- Date: 2015
- Lead Investors: Top Tier Capital Partners
- Purpose: Scale storage platform, enhance infrastructure, and grow enterprise adoption
4. Series C Round
- Amount Raised: $40 million
- Date: 2017
- Lead Investors: Top Tier Capital Partners
- Purpose: Expand hybrid and cloud storage solutions, increase enterprise sales
5. Series D Round
- Amount Raised: $46 million
- Date: 2018
- Lead Investors: BlackRock, Top Tier Capital Partners
- Purpose: Scale global operations, enhance software features, and expand engineering team
6. Series E Round
- Amount Raised: $125 million
- Date: July 16, 2020
- Lead Investors: BlackRock
- Purpose: Expand cloud storage platform, accelerate enterprise adoption, and scale operations
Total Funding Raised: $346 million
Latest Funding Date: July 16, 2020
Latest Known Valuation: $1.2 billion
Key Investors
- BlackRock
- Details: Global investment management firm investing in high-growth technology companies
- Focus Areas: Enterprise software, cloud infrastructure, and IT operations
- Top Tier Capital Partners
- Details: Venture capital firm focused on early and growth-stage technology companies
- Focus Areas: Enterprise storage, cloud platforms, and hybrid IT solutions
Where Is Qumulo’s Headquarters?
Qumulo is headquartered in Seattle, Washington, United States, supporting engineering, product, and operations teams for its enterprise cloud storage platform.
What’s Next for Qumulo?
Qumulo plans to continue enhancing its enterprise cloud storage solutions, integrate AI-driven management tools, and expand adoption across hybrid and cloud environments. The company is focused on increasing scalability, performance, and operational efficiency for enterprise IT teams.
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