Alluxio, a San Mateo, California-based developer of open-source data orchestration software for large-scale analytics and AI/ML workloads, announced Series C financing of $50 million.
The round was 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.
Alluxio also announced the expansion of its Asia-Pacific presence with the opening of an office in Beijing, China. 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.
Company: Alluxio, Inc.
Raised: $50.0M
Round: Series C
Funding Month: November 2021
Lead Investors: Undisclosed
Additional Investors: a16z, Seven Seas Partners, and Volcanics Ventures
Company Website: https://www.alluxio.io/
Software Category: Open-source data orchestration software
About the Company: Alluxio is the developer of open-source data orchestration software for the cloud. Alluxio moves data closer to data analytics and machine learning compute frameworks in any cloud across clusters, regions, clouds, and countries, providing memory-speed data access to files and objects. Intelligent data tiering and data management deliver consistently high performance to customers in financial services, high tech, retail, and telecommunications. Alluxio is in production use today at eight out of the top ten internet companies. Venture-backed by Andreessen Horowitz, Seven Seas Partners, and Volcanics Ventures. Alluxio was founded at UC Berkeley’s AMPLab by the creators of the Tachyon open-source project.
Source: https://www.globenewswire.com/news-release/2021/11/16/2335267/0/en/Alluxio-Announces-50-Million-in-New-Funding.html