US-based file storage technology developer Qumulo closed a $93m series D round yesterday that featured hard drive manufacturer Western Digital.
The round was led by undisclosed funds managed by BlackRock Private Equity Partners and also featured investment bank Goldman Sachs as well as Highland Capital Partners, Kleiner Perkins Caufield & Byers (KPCB), Madrona Venture Group and Valhalla Partners.
Founded in 2012, Qumulo has developed storage technology, called Qumulo File Fabric (QF2) that helps enterprise clients store, manage and access files on-premise and in the cloud. QF2 is capable of handling billions of files.
The series D funding will enable the company to drive continued growth. It brings Qumulo’s total funding to $223m, according to press releases and securities filings.
Northern Light Venture Capital led a $30m funding round in April 2017 that featured KPCB, Madrona, Top Tier Capital Partners and Tyche Partners.
Allen & Company, Top Tier Capital Partners, Tyche, KPCB, Madrona, Highland Capital and Valhalla previously supported a $32.5m series C round, after KPCB led a $40m series B in 2015 with participation from Highland Capital, Madrona and Valhalla.
Highland Capital had already led a $24.5m series A round in 2012 that included Madrona and Valhalla, adding to $500,000 in seed funding backed by Valhalla.