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San Jose

Clumio, Light Field Lab and Pavilion Data Systems top San Jose's recent funding news

San Jose-based computer company Clumio has secured $40 million in Series B funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced on August 13 and led by Sutter Hill Ventures.

According to its Crunchbase profile, "Clumio is the innovator of authentic SaaS for enterprise backup. Using this secure service, organizations eliminate hardware and software for on-premise backup and avoid the complexity and cost of running 3rd party backup software in the cloud. As enterprises move aggressively to cloud, they use Clumio to protect workloads like VMware Cloud on AWS and native AWS services."

The three-year-old startup also raised an $11 million Series A round in 2017.

The round brings total funding raised by San Jose companies in hardware over the past month to $205 million, an increase of $162 million from the month before. The local hardware industry has produced 43 funding rounds over the past year, capturing a total of $913 million in venture funding.

In other local funding news, digital entertainment and film company Light Field Lab announced a $28 million Series A funding round on August 12, led by Taiwania Capital.

According to Crunchbase, "Light Field Lab is a breakthrough technology startup that builds an innovative holographic ecosystem. It re-creates what optical physics calls a real image for off-screen projected objects by generating a massive number of viewing angles that correctly change with the point of view and location just like in the real world. They enable entirely new business opportunities across consumer and enterprise markets."

The company also raised a $7 million seed round in 2018.

Meanwhile, database and data visualization company Pavilion Data Systems raised $25 million in Series C funding, announced on August 13. The round's investors were led by Taiwania Capital.

From the company's Crunchbase profile, "Pavilion Data Systems brings together experienced technology professionals with expertise in storage system architecture, network switch design, dense micro-server architectures and solid state storage technology to deliver a ground-breaking storage system design that is purpose-built to take advantage of memory-class media available both today and in the future. Early on, Pavilion realized that that the only data center devices that can process data at a terabit per second were the network switching devices. As a result, Pavilion decided to design a storage system by borrowing architectural and design patterns from the network switch world."

Pavilion Data Systems last raised $12 million in Series B funding in 2018.


This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.