SAP HANA Cloud Authors: William Schmarzo, Carmen Gonzalez, Elizabeth White, Andreas Grabner, Hollis Tibbetts

News Feed Item

Qumulo Closes $24.5 Million in Series A Funding

Highland Capital Partners, Madrona Venture Group and Valhalla Partners Fund Enterprise Data Storage Company

SEATTLE, WA -- (Marketwire) -- 11/20/12 -- Qumulo, an enterprise data storage company, today announced it has raised $24.5 million in a Series A round of financing led by Highland Capital Partners, with participation from Madrona Venture Group and Valhalla Partners. Founded in March 2012 with seed funding from Valhalla Partners, Qumulo is solving the manageability, scalability and efficiency problems that plague the $35 billion enterprise data storage market. The company will use the funding for product development and to substantially grow its Seattle-based engineering and leadership teams. As part of the investment, Peter Bell, general partner at Highland Capital Partners, joins the board of directors.

Data growth, application requirements, and technology shifts are disrupting enterprise data storage. End-users double the amount of data they store every two years, creating enormous manageability and efficiency problems for enterprise IT. At the same time, virtualized workloads create random access patterns that place tremendous stress on traditional storage systems. To meet these challenges, application owners and IT operations managers increasingly demand rapid innovation, operational scale and administrative productivity.

Qumulo is poised to address these pain points based on its executive team's deep experience in the enterprise storage market. The company was co-founded by the primary architects of Isilon's OneFS file system, which revolutionized the way data centers store and manage petabytes of data. Isilon was acquired by EMC in 2010 for $2.25 billion. Qumulo CEO Peter Godman was the former director of software engineering at Isilon and previous CEO of Corensic. He is joined by Qumulo CTO Aaron Passey, former chief architect at Isilon and CTO at Clustrix, and Vice President of Engineering Neal Fachan, previously a distinguished engineer at Isilon and principal engineer at Amazon. Rounding out the Qumulo executive team is Vice President of Product Management Jeff Cobb, who previously served as chief scientist at Wily Technology (now part of CA) and senior vice president strategy at CA.

"A new category of storage is needed to manage the proliferation of data that enterprises face," said Peter Bell, general partner at Highland Capital Partners. "Data that doubles every two years, a growing scarcity of storage administrators, and the advent of shared, virtualized environments put tremendous pressure on storage systems. Qumulo has the right strategy and team to drive a leadership position in the market."

"Based on our previous work with Qumulo's executive team and their track record of success, we believe the company has the ideal foundation to create the next disruptive storage solution for enterprise IT," said Matt McIlwain, managing director at Madrona Venture Group. "We have been closely involved with Isilon Systems and Amazon, two hugely influential companies in the storage space, and believe Qumulo will fuel further innovation in the market."

"Qumulo's team of enterprise storage experts is positioned to solve the problems introduced by the confluence of three huge trends in enterprise IT -- consumerization, SSD technology, and commoditization," said Charles Curran, general partner at Valhalla Partners. "The next five years will bring a variety of new approaches to deal with the massive explosion of data and its manageability, and Qumulo will be at the forefront of that revolution."

"This funding round provides us with expert guidance from storage investors Peter Bell and Matt McIlwain and sets the stage for a rapid growth trajectory," said Peter Godman, CEO of Qumulo. "The combined insight and collective wisdom of our investors will accelerate our vision for the future of data storage."

About Qumulo
Qumulo is a privately held enterprise data storage company based in Seattle. The company was founded in 2012 by Peter Godman, Aaron Passey, and Neal Fachan, engineering veterans from Isilon and architects of the Isilon OneFS distributed file system. Qumulo is backed by venture capital firms Highland Capital Partners, Madrona Venture Group and Valhalla Partners. For more information, please visit www.qumulo.com.

About Highland Capital Partners
Founded in 1988, Highland Capital Partners is a global venture capital firm focused on putting the entrepreneur first. With over $3 billion of committed capital and offices in Menlo Park, Cambridge, Geneva, London and Shanghai, Highland has invested in more than 225 companies, resulting in category-defining businesses across Mobile, Consumer Internet and Enterprise technology. Investments include 2U, Ask Jeeves, Bromium, Calxeda, Leap Motion, LevelUp, Lycos, MapQuest, Nebula, QD Vision, Qihoo 360, Quattro Wireless, RentJuice, Rent the Runway, Sybase, Violin Memory, VistaPrint and WePay. Highland also serves as a mentor for future entrepreneurs through [email protected], a program that provides students and university-affiliated startups with the environment and resources to take their initiative to the next level. For more information, visit www.hcp.com.

About Madrona Venture Group
Madrona has been investing in early-stage technology companies in the Pacific Northwest since 1995 and has been privileged to play a role in some of the region's most successful technology ventures. The firm invests predominately in seed and Series A rounds across the information technology spectrum including consumer Internet, commercial software and services, digital media and advertising, networking and cloud computing, and mobile. Madrona manages nearly $1 billion and was an early investor in companies such as Amazon.com, Isilon Systems, Farecast.com, Sharebuilder, and Apptio. www.madrona.com

About Valhalla Partners
Valhalla Partners is a trusted partner and advisor to technology entrepreneurs in their quest to build world-class companies. Based in Vienna, Virginia, the firm's management team has made more than 120 investments over the past twenty years and produced almost $1 billion of investment proceeds. Valhalla prefers investments where the mission of the company is to innovate, challenge and fundamentally change the dynamics of new and existing markets. Investments by Valhalla's team include Advertising.com, AvailTVN, JumpTap, LeftHand Networks, Nirvanix, Progress Software, Proxicom, RealOps, Register.com, Riverbed Technologies, SafeNet, ServiceBench, SolidFire, TidalTV, Trilogy, and webMethods. Valhalla Partners brings the full power and network of its experienced team to every investment it makes, helping companies grow faster and smarter regardless of size or maturity.

Add to Digg Bookmark with del.icio.us Add to Newsvine

Karli Overmier
Barokas PR for Qumulo
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@ThingsExpo Stories
The Open Connectivity Foundation (OCF), sponsor of the IoTivity open source project, and AllSeen Alliance, which provides the AllJoyn® open source IoT framework, today announced that the two organizations’ boards have approved a merger under the OCF name and bylaws. This merger will advance interoperability between connected devices from both groups, enabling the full operating potential of IoT and representing a significant step towards a connected ecosystem.
November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Penta Security is a leading vendor for data security solutions, including its encryption solution, D’Amo. By using FPE technology, D’Amo allows for the implementation of encryption technology to sensitive data fields without modification to schema in the database environment. With businesses having their data become increasingly more complicated in their mission-critical applications (such as ERP, CRM, HRM), continued ...
SYS-CON Events announced today that Embotics, the cloud automation company, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Embotics is the cloud automation company for IT organizations and service providers that need to improve provisioning or enable self-service capabilities. With a relentless focus on delivering a premier user experience and unmatched customer support, Embotics is the fas...
Intelligent machines are here. Robots, self-driving cars, drones, bots and many IoT devices are becoming smarter with Machine Learning. In her session at @ThingsExpo, Sudha Jamthe, CEO of IoTDisruptions.com, will discuss the next wave of business disruption at the junction of IoT and AI, impacting many industries and set to change our lives, work and world as we know it.
SYS-CON Events announced today that Cloudbric, a leading website security provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Cloudbric is an elite full service website protection solution specifically designed for IT novices, entrepreneurs, and small and medium businesses. First launched in 2015, Cloudbric is based on the enterprise level Web Application Firewall by Penta Security Sys...
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
SYS-CON Events announced today that MathFreeOn will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. MathFreeOn is Software as a Service (SaaS) used in Engineering and Math education. Write scripts and solve math problems online. MathFreeOn provides online courses for beginners or amateurs who have difficulties in writing scripts. In accordance with various mathematical topics, there are more tha...
Successful digital transformation requires new organizational competencies and capabilities. Research tells us that the biggest impediment to successful transformation is human; consequently, the biggest enabler is a properly skilled and empowered workforce. In the digital age, new individual and collective competencies are required. In his session at 19th Cloud Expo, Bob Newhouse, CEO and founder of Agilitiv, will draw together recent research and lessons learned from emerging and established ...
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, will discuss how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team a...
Virgil consists of an open-source encryption library, which implements Cryptographic Message Syntax (CMS) and Elliptic Curve Integrated Encryption Scheme (ECIES) (including RSA schema), a Key Management API, and a cloud-based Key Management Service (Virgil Keys). The Virgil Keys Service consists of a public key service and a private key escrow service. 

The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
@ThingsExpo has been named the Top 5 Most Influential Internet of Things Brand by Onalytica in the ‘The Internet of Things Landscape 2015: Top 100 Individuals and Brands.' Onalytica analyzed Twitter conversations around the #IoT debate to uncover the most influential brands and individuals driving the conversation. Onalytica captured data from 56,224 users. The PageRank based methodology they use to extract influencers on a particular topic (tweets mentioning #InternetofThings or #IoT in this ...
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smar...
Web Real-Time Communication APIs have quickly revolutionized what browsers are capable of. In addition to video and audio streams, we can now bi-directionally send arbitrary data over WebRTC's PeerConnection Data Channels. With the advent of Progressive Web Apps and new hardware APIs such as WebBluetooh and WebUSB, we can finally enable users to stitch together the Internet of Things directly from their browsers while communicating privately and securely in a decentralized way.
In past @ThingsExpo presentations, Joseph di Paolantonio has explored how various Internet of Things (IoT) and data management and analytics (DMA) solution spaces will come together as sensor analytics ecosystems. This year, in his session at @ThingsExpo, Joseph di Paolantonio from DataArchon, will be adding the numerous Transportation areas, from autonomous vehicles to “Uber for containers.” While IoT data in any one area of Transportation will have a huge impact in that area, combining sensor...
With an estimated 50 billion devices connected to the Internet by 2020, several industries will begin to expand their capabilities for retaining end point data at the edge to better utilize the range of data types and sheer volume of M2M data generated by the Internet of Things. In his session at @ThingsExpo, Don DeLoach, CEO and President of Infobright, discussed the infrastructures businesses will need to implement to handle this explosion of data by providing specific use cases for filterin...
What happens when the different parts of a vehicle become smarter than the vehicle itself? As we move toward the era of smart everything, hundreds of entities in a vehicle that communicate with each other, the vehicle and external systems create a need for identity orchestration so that all entities work as a conglomerate. Much like an orchestra without a conductor, without the ability to secure, control, and connect the link between a vehicle’s head unit, devices, and systems and to manage the ...
Ask someone to architect an Internet of Things (IoT) solution and you are guaranteed to see a reference to the cloud. This would lead you to believe that IoT requires the cloud to exist. However, there are many IoT use cases where the cloud is not feasible or desirable. In his session at @ThingsExpo, Dave McCarthy, Director of Products at Bsquare Corporation, will discuss the strategies that exist to extend intelligence directly to IoT devices and sensors, freeing them from the constraints of ...