Volumez, a Santa Clara, CA-based modern cloud-aware data infrastructure company, has secured $40 million in Series A financing.
Investors
The round was led by Koch Disruptive Technologies (KDT), with participation from new investors such as Samsung Venture Investment Corporation and J-Ventures, alongside existing backers Pitango First and Viola Ventures.
Founded in 2017, Koch Disruptive Technologies is a venture capital firm based in Wichita, Kansas. The firm focuses on partnering with high-growth companies that disrupt current market alternatives with demonstrated technology. They invest in technologies to improve businesses and create new opportunities.
Volumez Use of Funds
The company will use the funding to expand its customer base, grow its operations in the U.S. and EMEA, and sustain R&D efforts in Israel.
About Volumez
Volumez is a composable data infrastructure company with a mission to revolutionize modern cloud data infrastructure. The company provides data orchestration and block storage services through its Software-as-a-Service platform. Its innovative controller-less orchestration software harnesses the power of Linux to quickly execute modern data infrastructure for data-intensive workloads using a declarative interface, making it easy to deploy a wide variety of applications in hybrid and multi-cloud environments.
Funding Details
Company: Volumez Technologies Ltd.
Raised: $40.0M
Round: Series A
Funding Month: July 2024
Lead Investors: Koch Disruptive Technologies
Additional Investors: Samsung Venture Investment Corporation, J-Ventures, Pitango First, Viola Ventures
Company Website: https://volumez.com/
Software Category: Data Orchestration
Source: https://www.prnewswire.com/news-releases/volumez-announces-completion-of-40-million-series-a-funding-to-revolutionize-cloud-aware-data-infrastructure-302193398.html