Qumulo, a stealth-mode enterprise data storage startup, revealed Feb. 4 that it has closed a $40 million Series B funding round. The action brings 3-year-old Qumulo's total funding support to $67 million.
The round was led by Kleiner Perkins Caufield & Byers (KPCB) with participation from existing investors Highland Capital, Madrona Venture Group and Valhalla Partners.
Scalability has long been a sticking-point problem with enterprise storage. Qumulo's secret sauce focuses on solving those bottlenecks with software, especially in view of the current explosion of content due to the proliferation of mobile devices.
High data volume has produced a whole new set of problems around keeping track of everything, and Qumulo is using the brainpower of storage veterans from Isilon, AWS, Google and Microsoft to solve these issues.
Qumulo is using commodity storageware for its first-generation data center appliance. The company plans to move to an all-software solution in the near future.
The Seattle-based company also announced three new additions to the board of directors: Sujal Patel, founder of Isilon, which was acquired by EMC for $2.5 billion in 2010; Wen Hsieh, partner at KPCB; and Matt McIlwain, managing director at Madrona Venture Group.
Qumulo is an enterprise data storage company founded in 2012 by the inventors of scale-out NAS that has attracted a team of storage pioneers from Isilon, Amazon Web Services, Google and Microsoft.
"Qumulo's mission is to be the company the world trusts to store, manage, and curate its data forever," said Peter Godman, co-founder and CEO.
Qumulo will use the new investment to expand product development and scale marketing and sales efforts to support the company's go-to-market strategy.