$50 Million in New Funding for Alluxio, Total at $73 Million

Alluxio, Inc. 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 LLP, and Volcanics Ventures.

This brings the total amount of funding raised to date to more than $70 million.

The firm also announced the expansion of its AsiaPac presence with the opening of an office in Beijing, China.

With this over-subscribed investment, the company will continue fueling its growth by investing in expanded product capabilities as well as scaling go-to-market and engineering operations across the globe.

“To stay competitive, leading companies in all sectors are in their digitalization journey. In this, more and more enterprise architectures have shifted to hybrid and multi-cloud environments for data driven applications. While this shift allows for more flexibility and agility, it also means having to separate compute from storage, creating new challenges in how data needs to be managed and orchestrated across frameworks, clouds and storage systems,” said Haoyuan Li, founder and CEO. “The funding will help us further catalyze our growth and global expansion plan as we help more businesses solve the most complex data challenges in today’s world.”

The company 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. Its intelligent data tiering and caching deliver better performance and reliability for customers. Eight of the 10 largest Internet companies use its products, including Facebook, Airbnb, Uber, Alibaba, Tencent, and Bytedance, with more of the largest enterprises running Alluxio in production.