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Alluxio Announces $50 Million In New Funding

Nov 16, 2021•over 3 years ago

Amount Raised

$50 Million

San Mateo

Description

Alluxio, the developer of open source data orchestration software for large-scale analytics and AI/ML workloads, today announced Series C financing of $50 million led by a leading global investment firm, along with participation from existing investors including a16z, Seven Seas Partners, and Volcanics Ventures. This brings the total amount of funding raised to date to more than $70 million.

Company Information

Company

Alluxio

Location

San Mateo, California, United States

About

With this over-subscribed Series C investment, the company will continue fueling its rapid growth by investing in expanded product capabilities as well as scaling go-to-market and engineering operations across the globe. Alluxio enables data teams to separate compute from storage while bringing data closer to compute for analytics and AI/ML workloads spanning clouds, clusters, and regions. Eight of the ten largest Internet companies use Alluxio, including Facebook, Airbnb, Uber, Alibaba, Tencent, and Bytedance, with many more of the largest enterprises running Alluxio in production. Alluxio was founded at UC Berkeley’s AMPLab by the creators of the Tachyon open source project. Proven at global web scale in production for modern data services, Alluxio is the developer of open source data orchestration software for the cloud. Alluxio is in production use today at eight out of the top ten internet companies.

Funding Insights

Based on industry data
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