Fenwick & West represented Qumulo, Inc., a stealth-mode enterprise data storage startup, in a $40 million Series B financing. The funding was led by Kleiner Perkins Caufield & Byers (KPCB) with participation from existing investors Highland Capital, Madrona Venture Group and Valhalla Partners. The company also announced that Sujal Patel, founder of Isilon, which was acquired by EMC for $2.5 billion in 2010, Wen Hsieh, partner at KPCB, and Matt McIlwain, managing director at Madrona Venture Group, have joined the company’s board.
The new round of funding will be used to expand product development and scale marketing and sales efforts to support the company’s go-to-market strategy. More information about Qumulo’s $40M Series B financing can be obtained from the company press release.
The Fenwick transaction team was led by corporate partner Alan Smith and corporate associates Andrew Albertson, Brian Kelly and Esther Chan.