Qumulo Valuation, Funding & Investors
Qumulo is valued at $1.2B as of July 2020.
Last Qumulo valuation
$1.2B
Series E · Jul 2020
Last Qumulo funding round
$125M
Series E · Jul 2020
Cumulative funding Qumulo raised
$321M
across 5 funding rounds
Key investors in Qumulo
Kleiner Perkins
Madrona
Highland Capital Partners
Tyche Partners
Valhalla Partners
BlackRock
About Qumulo
Qumulo is a Seattle-headquartered Scale Anywhere file data platform designed for hybrid and multi-cloud environments. It manages petabyte-to-exabyte scale unstructured data with real-time analytics, quota management, and active directory integration. Founded in 2012, Qumulo serves industries including media and entertainment, life sciences, and energy through partnerships with AWS, Azure, and Google Cloud. The platform supports NFS, SMB, and S3 protocols across on-premises, cloud, and edge deployments.
Founded
2012
HQ
Seattle, WAWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$1.2B (Jul 2020)
Qumulo Valuation
Qumulo is currently valued at $1.2B, based on its Series E in July 2020.
The $125M round was led by BlackRock, with participation from Highland Capital Partners, Kleiner Perkins, Amity Ventures, TriplePoint Ventures and Madrona.
Qumulo valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jul 2020 | Series E | $1.2B |
Qumulo Funding History
Qumulo has raised a total of $321M across 5 funding rounds.
Qumulo's first fundraising round was a $40M Series B in February 2015. The most recent completed round was a $125M Series E in July 2020.
Qumulo funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jul 2020 | Series E | BlackRock (lead); Highland Capital Partners; Kleiner Perkins; Amity Ventures; TriplePoint Ventures; Madrona | $125M | $1.2B | Qumulo, a Seattle-based storage startup, provides a cloud-native file data platform designed to store and manage vast amounts of unstructured data, supporting billions of files per deployment across on-premises, hybrid, cloud, and multicloud environments. The platform offers real-time analytics for visibility into performance, usage trends, and bottlenecks, targeting use cases like research imaging from MRI machines, telescopes, and satellites, as well as general enterprise workloads requiring high scalability and interactive data viewing. On July 16, 2020, Qumulo announced a $125 million Series E funding round led by BlackRock (referred to as Blackrock Enhanced), with participation from Highland Capital Partners, Madrona Venture Group, Kleiner Perkins, and new investor Amity Ventures (TriplePoint Ventures not mentioned). The round valued the company at $1.2 billion post-money, more than doubling the valuation from its prior $93 million Series D in 2018, bringing total funding raised to $351 million and earning unicorn status amid the pandemic. The investment was driven by strong business momentum, including nearly 100% year-over-year growth as of the April 2020 quarter end, beating pre-COVID revenue estimates, and nearly tripling revenues year-over-year in the past quarter per reports. Qumulo attributed growth to surging unstructured data volumes from online activity shifts and public cloud adoption. Funds will accelerate product development, international expansion, and strategic partnerships, particularly with major cloud providers like AWS. The company positions itself against competitors in distributed file systems and object storage, having been named a Gartner Magic Quadrant leader multiple times. |
| Jun 2018 | Series D | BlackRock (lead); Western Digital; Highland Capital Partners; Tyche Partners; Kleiner Perkins; Valhalla Partners; Goldman Sachs; Madrona | $93M | - | Qumulo, a Seattle-based pioneer in file storage for the cloud era, raised $93 million in its Series D funding round on June 6, 2018, led by funds managed by BlackRock Private Equity Partners, with participation from Goldman Sachs, Western Digital, and follow-on investments from existing backers including Highland Capital Partners, Kleiner Perkins, Madrona Venture Group, and Valhalla Partners. The oversubscribed growth-stage financing aimed to support explosive growth, continued expansion, accelerated product capabilities, and long-term sustainability amid surging demand for managing file-based data at scale in hybrid cloud environments. At the time, Qumulo managed hundreds of petabytes of data, billions of files globally, and reported triple-digit year-over-year growth, serving major enterprises like three of the five largest companies worldwide, nine of the top 10 Hollywood studios, and numerous Fortune 500 firms. The round highlighted Qumulo's market disruption in enterprise storage, addressing challenges of storing, managing, and accessing digital content at exabyte scale across public and private clouds. BlackRock's investment underscored confidence in Qumulo's innovative model, which provided real-time visibility and control for file data platforms. Qumulo's traction included rapid enterprise adoption and leadership in next-generation file storage, positioning it against traditional solutions amid the shift to cloud-native architectures. The 2018 funding fueled global operations scaling and engineering enhancements, building on prior rounds totaling around $137 million before Series D, bringing cumulative funding to approximately $230 million by mid-2018. |
| Apr 2017 | Series C | Northern Light Venture Capital (lead); Top Tier Capital Partners; Tyche Partners; Kleiner Perkins; Madrona | $30M | - | Qumulo is a Seattle-based data storage technology company founded by former Isilon executives, offering scalable file data platform solutions for managing unstructured data across on-premises, hybrid, and cloud environments. The company targets enterprises needing high-performance, real-time analytics for massive data sets in media, energy, life sciences, and other sectors. Qumulo competed in the enterprise storage market against players like Dell EMC, NetApp, and cloud-native providers, emphasizing its software-defined approach for hybrid cloud data management. In April 2017, Qumulo raised $30 million in a Series C1 extension round led by Northern Light Venture Capital, with participation from existing investors including Kleiner Perkins, Madrona Venture Group, Top Tier Capital Partners, and Tyche Partners. This followed a prior Series C of approximately $32.5 million in May 2016 from Allen & Company and others. The funds were intended to further product development, expand into new markets, and accelerate sales of its data storage solutions. The company had grown from seed funding in 2012 and was positioning itself as a successor to Isilon's success in scale-out NAS storage. Qumulo continued raising capital, securing a $93M Series D in June 2018 led by BlackRock and a $125M Series E in July 2020 that achieved unicorn status with over $1.2B valuation. By 2025, Qumulo employed over 250 people globally. |
| Jun 2016 | Series C | Top Tier Capital Partners; Highland Capital Partners; Tyche Partners; Kleiner Perkins; Valhalla Partners; Allen & Company; Madrona | $33M | - | Qumulo, a Seattle-based data storage startup founded in 2012 by former Isilon Systems engineers, develops data-aware scale-out NAS software that provides real-time analytics integrated into a scalable, POSIX-compliant file system. The platform, including Qumulo Core 2.0 and QC-Series hybrid storage appliances like QC40, QC104, and QC260, helps enterprises manage and understand massive data growth on high-capacity drives (6-10 TB) across multiple operating systems, addressing resource consumption and storage forecasting. In June 2016, Qumulo closed a $32.5 million oversubscribed Series C funding round, bringing total funding to $100 million. New investors included Allen & Company, Top Tier Capital Partners, and Tyche Partners, alongside existing backers Kleiner Perkins Caufield & Byers (KPCB), Madrona Venture Group, Highland Capital Partners, and Valhalla Partners. This followed a $40 million Series B in March 2015 and earlier rounds totaling $67 million previously. Proceeds were allocated to expand market presence in North America and Europe, build channel partnerships (starting with 88 North American partners), invest in sales organization, accelerate customer growth, and advance the product roadmap. The company reported strong early market traction post-stealth exit in 2015, with tremendous customer demand, industry awards, and analyst validation. Notable deployments included a 30-petabyte system, highlighting scalability for enterprise needs. CEO Peter Godman emphasized the team's expertise in disrupting traditional enterprise storage amid digital data growth challenges. Investors like KPCB's Wen Hsieh praised Qumulo's intelligent, high-performance technology and proven team. |
| Feb 2015 | Series B | Kleiner Perkins (lead); Highland Capital Partners; Valhalla Partners; Madrona | $40M | - | Qumulo is a Seattle-based enterprise data storage company founded in March 2012, specializing in scale-out NAS software with real-time data analytics to address manageability, scalability, and efficiency issues in the enterprise storage market. The company was started by veterans from Isilon, which was acquired by EMC for $2.25 billion in 2010, bringing deep expertise in storage technology. Initially funded with seed investment from Valhalla Partners, Qumulo raised $24.5 million in a Series A round in November 2012 led by Highland Capital Partners, with participation from Madrona Venture Group and Valhalla Partners, bringing total funding to $24.5 million at that point. On February 4, 2015, Qumulo announced a $40 million Series B funding round led by Kleiner Perkins Caufield & Byers (KPCB), with participation from existing investors Highland Capital Partners, Madrona Venture Group, and Valhalla Partners, pushing cumulative funding past $67 million. The company had operated in stealth mode post-Series A, conducting extensive customer research before developing its modern storage appliance, which it offered to select customers for five months prior to the announcement, receiving positive initial response and flawless operational performance. The Series B funding was intended to scale Qumulo's go-to-market strategy, support product development, and grow its 90-person team, including adding Isilon founder Sujal Patel, KPCB's Wen Hsieh, and Madrona's Matt McIlwain to the board. Qumulo positioned itself to disrupt the enterprise storage market amid trends like data explosion, consumerization, SSD technology, and commoditization, targeting the $35 billion market with its data-aware scale-out NAS solution. Subsequent developments included a $32.5 million oversubscribed Series C in 2016 from new and existing investors including Allen & Company, bringing total funding to $100 million, to expand market presence and product roadmap. |
Who has invested in Qumulo?
13 investors have backed Qumulo across its funding rounds, including Kleiner Perkins, Madrona, Highland Capital Partners, Tyche Partners, Valhalla Partners and BlackRock.
Lead investors include BlackRock, Northern Light Venture Capital and Kleiner Perkins.
Qumulo Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| San Francisco, CA | 5 | Lead | Feb 2015 | |
| Seattle, WA | 5 | Participant | Feb 2015 | |
| Lexington, KY | 4 | Participant | Feb 2015 | |
| San Francisco, CA | 3 | Participant | Jun 2016 | |
| United States | 3 | Participant | Feb 2015 | |
| San Francisco, CA | 2 | Participant | Jun 2016 | |
| United States | 2 | Lead | Jun 2018 | |
| San Jose, CA | 1 | Participant | Jun 2018 | |
 Beijing | 1 | Lead | Apr 2017 | |
| San Francisco, CA | 1 | Participant | Jul 2020 | |
| San Francisco, CA | 1 | Participant | Jul 2020 | |
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Start Free TrialQumulo Competitors
Qumulo competitors include listed companies like CommVault Systems and TRS Information Technology, and private ones like XSKY Data Technology, Cribl, DataDirect Networks and Tealium.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Beijing | Private | - | - | $675M | - | |
| San Francisco, CA | Private | $100M | - | $3.5B | 35.0x | |
| Los Angeles, CA | Private | $750M | - | $5B | 6.7x | |
| United States | Publicly listed | $1.2B | $84M | $6.2B | 5.0x | |
| San Diego, CA | Private | - | - | $1.2B | - | |
| China | Publicly listed | $76M | ($20M) | $1.7B | 19.7x |
Qumulo Public Comps
Qumulo is still privately-owned, but its public comps include Netac Technology Co, Quantum, e-Hualu, 2CRSI, TRS Information Technology, VSTECS Holdings, Qnap Systems, Transwarp, Hiper Global and Climb Global Solutions.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $185M | $6M | 6.1x | - | 197.6x | - | |||
| $280M | ($73M) | 3.3x | 3.1x | (12.8x) | 97.7x | |||
| $69M | ($310M) | 24.1x | - | (5.4x) | - | |||
| $254M | $8M | 3.0x | 1.2x | 98.0x | 14.7x | |||
| $76M | ($20M) | 19.3x | 19.7x | (73.5x) | 478.8x | |||
| $12B | $278M | 0.2x | 0.2x | 10.0x | 8.6x | |||
| $196M | $54M | 2.8x | 2.6x | 10.0x | - | |||
| $67M | ($31M) | 27.5x | 28.0x | (59.8x) | - | |||
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Common questions about Qumulo
| When was Qumulo founded? | Qumulo was founded in 2012. |
| Where is Qumulo headquartered? | Qumulo is headquartered in Seattle, WA, United States. |
| Is Qumulo publicly listed? | No, Qumulo is a private, VC-backed company. |
| What is Qumulo's valuation? | Qumulo was last valued at $1.2B in its Series E in July 2020. |
| How much funding has Qumulo raised? | Qumulo has raised $321M across 5 funding rounds. |
| What was Qumulo's last funding round? | Qumulo's last funding round was a $125M Series E in July 2020, led by BlackRock. |
| Who are Qumulo's investors? | Qumulo's investors include Kleiner Perkins, Madrona, Highland Capital Partners, Tyche Partners, Valhalla Partners, Top Tier Capital Partners, BlackRock, Western Digital, Northern Light Venture Capital, Amity Ventures and 3 others. |
| Which companies are comparable to Qumulo? | Companies comparable to Qumulo include XSKY Data Technology, Cribl, DataDirect Networks, CommVault Systems, Tealium and TRS Information Technology. |
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