Qumulo becomes unicorn with $125M round

Qumulo has raised $125 million in a Series E led by BlackRock. Highland Capital Partners, Madrona Venture Group, Kleiner Perkins and Amity Ventures also participated in the funding, which values the provider of a cloud-based file data management platform at more than $1.2 billion.

Qumulo counts Shell, Hyundai and Progenity as clients. In March, the Seattle-based company began offering its software for free to medical and healthcare research organizations developing coronavirus eradication measures.

In 2018, Qumulo raised a $93 million Series D that valued it at $553 million, according to PitchBook data. It has now raised more than $350 million in total backing since its 2012 founding.

News & Analysis

Related content