Qualcomm Ventures, the corporate venturing subsidiary of semiconductor company Qualcomm, supported a series B round yesterday for Israel and US-based software-defined storage technology producer Weka.io.
The series B round was led by Walden Riverwood Ventures II and also featured Norwest Venture Partners, the VC firm managing funds on behalf of financial services firm Wells Fargo, Gemini Israel Ventures, as well as assorted private investors.
Weka.io has not released details about previous funding or the size of its series B round, but confirmed it has now raised more than $32m in total.
Founded in 2013, Weka.io is working on software-defined storage technology that enables the storage of hundreds of petabytes (1 petabye = 1,000 gigabytes) with a sub-milliseconds latency.
The company remains in stealth mode, according to its social media.
The series B round will enable Weka.io to accelerate its go-to-market strategy, boost sales and marketing efforts in the US and increase its customer support, business and engineering teams.
Quinn Li, vice-president and head of Qualcomm Ventures, said: “We invest in companies that are building highly disruptive technologies. The Weka.io team has strong expertise in storage systems and we look forward to supporting them in their mission to re-define how storage is deployed.”