Qumulo Receives $24,500,000 Series A Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ee95df4e-bba4-42ab-8dee-e77b2f8999b6&Preview=1
Date
11/21/2012
Company Name
Qumulo
Mailing Address
1111 3rd. Ave Seattle, WA 98101
Company Description
Qumulo is a Seattle-based enterprise data storage startup. We believe that storage should be simple, scalable, and efficient. Formed in 2012 by leaders from Isilon Systems, Adobe, and Wily Technology, Qumulo is reimagining enterprise storage.
Website
http://www.qumulo.com
Transaction Type
Venture Equity
Transaction Amount
$24,500,000
Transaction Round
Series A
Proceeds Purposes
The company will use the funding for product development and to substantially grow its Seattle-based engineering and leadership teams.
M&A Terms
Venture Investor
Highland Capital Partners
Venture Investor
Madrona Venture Group
Venture Investor
Valhalla Partners