A new Seattle enterprise storage company started by Isilon veterans has raised $24.5 million in venture funding.
Called Qumulo, the company said it is “solving the manageability, scalability and efficiency problems that plague the $35 billion enterprise data storage market.”
The money will be used for product development and to help the downtown Seattle company expand. It expects to increase employment from 18 today to 68 over the next 18 months.
Qumulo’s chief executive is Peter Godman, former director of software engineering at Isilon, the Seattle storage company acquired by EMC in 2010 for $2.25 billion.
Aaron Passey, former chief architect at Isilon, is Qumulo’s chief technology officer. Neal Fachan, its vice president of engineering, is a former Isilon distinguhished engineer and principal engineer at Amazon.com. Former Wily Technology chief scientist, Jeff Cobb, is the company’s vice president of product management.
They started the company in March 2012 with seed funding from Virginia-based Valhalla Partners.
Today, Qumulo is announcing its $24.5 million Series A funding. It was led by Highland Captial Partners, a Cambridge, Mass.-based venture firm. Also participating were Valhalla and Seattle’s Madrona Venture Group, which was an early investor in Isilon and Amazon.
“Qumulo’s team of enterprise storage experts is positioned to solve the problems introduced by the confluence of three huge trends in enterprise IT — consumerization, SSD technology, and commoditization,” Charles Curran, Valhalla general partner, said in the release. “The next five years will bring a variety of new approaches to deal with the massive explosion of data and its manageability, and Qumulo will be at the forefront of that revolution.”