Cloud infrastructure startup Volumez adds another $20 million to Series A
Cloud infrastructure startup Volumez adds another $20 million to Series A
The new funding takes the Series A to $40 million in total after initially raising $20 million last April
Volumez, which develops a cloud-aware data infrastructure platform, announced on Tuesday that it has raised another $20 million as part of its Series A financing round led by Koch Disruptive Technologies (KDT), with new investors including Samsung Venture Investment Corporation and J-Ventures. Existing investors Pitango First and Viola Ventures also participated. This additional $20 million funding comes after a first tranche of $20 million funding led by KDT in April 2023.
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.
The company’s controllerless orchestration software uses Linux to quickly execute modern data infrastructure for data-intensive workloads using a declarative interface that makes it easy to deploy a wide variety of applications in hybrid and multi-cloud environments.
“This funding will enable us to broaden our cloud services to additional AI and machine learning workloads, expanding our solution offerings on the Volumez platform,” said Amir Faintuch, CEO of Volumez.
