Seattle Data Startup Qumulo Is Now a Unicorn
Qumulo says more customers are cloud-curious after Covid-19 made servicing data centers more difficult.
Photographer: Daniel Acker/Bloomberg
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Seattle has minted another unicorn: Qumulo Inc., the data-management service, said extra business created by the coronavirus pandemic helped it raise an additional $125 million in funding, bringing the company to a $1.2 billion valuation.
The new round, led by BlackRock Inc., will help the company capitalize on a wave of interest in the type of service it provides, which moves huge amounts of data to remote cloud-based servers and manages it once there.