Cloud infrastructure startup Volumez raises $20 million Series A
Cloud infrastructure startup Volumez raises $20 million Series A
Volumez’s controller-less architecture composes direct Linux data paths between media and applications, helping companies convert knowledge into intelligence quickly and at scale
Cloud infrastructure company Volumez announced on Wednesday that it has completed a $20 million Series A financing round led by Koch Disruptive Technologies, with participation from existing investors Viola Ventures and Pitango.
Volumez will use the funds to continue to expand its customer base and grow its business operations in the U.S. while maintaining R&D execution in Israel. The company currently employs 36 people in Israel and the U.S.
Volumez develops controller orchestration software that uses Linux to quickly execute modern data infrastructure workloads using a declarative interface that makes it easy to deploy a wide variety of applications in hybrid and multi-cloud environments.
The company is headed by CEO Amir Faintuch, who was once one of the most senior Israelis at Intel, reaching the role of Senior Vice President and General Manager of Platform Engineering. It was founded by CTO Jonathan Amit.
"I am excited by the expression of confidence of the new investor who represents the American economy and has chosen to invest in the company at a difficult time of challenging macroeconomic conditions and internal challenges in Israel,” Faintuch told Calcalist. “This is a certificate of honor for the company and the uniqueness of its solution and innovation."
“Volumez technology is set to revolutionize the data infrastructure market, allowing, for the first time, hybrid and multi-cloud deployments at scale with significantly improved performance and latency compared to state-of-the-art on-premises solutions with cloud extensions,” noted Chase Koch, Founder and CEO, Koch Disruptive Technologies.
