San Jose-based data center and cloud storage company Weka.IO has secured $31 million in Series C funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced on May 14 and led by Qualcomm.
According to its Crunchbase profile, "WekaIO has built the world's fastest parallel file system, designed to solve the performance challenges in AI deep learning and technical computing. Matrix, WekaIO’s flagship product, leapfrogs legacy storage infrastructures by delivering the highest performance, lowest latency storage at a fraction of the cost of traditional NAS. WekaIO's software provides a seamless hybrid cloud solution between on-premises data centers and the public cloud."
The five-year-old company has raised four previous funding rounds, including a corporate round earlier this year.
The round brings total funding raised by San Jose companies in internet services over the past month to $41 million. The local internet services industry has produced 29 funding rounds over the past year, raking in a total of $526 million in venture funding.
In other local funding news, cloud computing company CloudBees announced a $10 million Series F funding round on May 21, financed by HSBC.
According to Crunchbase, "CloudBees is the hub of enterprise Jenkins and DevOps, providing companies with smarter solutions for accelerating software development and the fastest path from great ideas to impactful software. Our continuous delivery solutions provide developers and enterprises many choices, from on-premise to cloud native, from self-managed to self-service, from guided best practices to flexible choice. By making the software delivery process more productive, manageable and hassle-free, CloudBees puts companies on the fastest path to transforming great ideas into great software, and returning value to the business more quickly."
Founded in 2010, the company has raised seven previous rounds, including a $25 million debt financing round in 2018.
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