April 4, 2017

Qumulo, a scale-out storage vendor, on Tuesday announced that it has received $30 million in Series C funding from Northern Light Venture Capital, Kleiner Perkins Caufield & ByersMadrona Venture GroupTop Tier Capital Partners and Tyche Partners. This funding, which will allow market and global e3xpansion, brings total funding to over $130 million.

Why Should You Care: Qumulo’s funding not only validates the need for scale-out storage to solve unstructured data growth problems, but in this era of reduced funding, puts another nail in the coffin of legacy scale-out storage.

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