Prepares for Global Expansion and Opens New Office in Beijing
SAN MATEO, CA –November 16, 2021 - Alluxio, the developer of open source data orchestration software for large-scale analytics and AI/ML workloads, today 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, 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.
“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, Alluxio. “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.”
Alluxio 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.Alluxio’s intelligent data tiering and caching deliver better performance and reliability for customers. Eight of the ten largest Internet companies use Alluxio, including Facebook, Uber, Alibaba, Tencent, and Bytedance, with many more of the largest enterprises running Alluxio in production.
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About Alluxio
Alluxio, a leading provider of the high performance data platform for analytics and AI, accelerates time-to-value of data and AI initiatives and maximizes infrastructure ROI. Uniquely positioned at the intersection of compute and storage systems, Alluxio has a universal view of workloads on the data platform across stages of a data pipeline. This enables Alluxio to provide high performance data access regardless of where the data resides, simplify data engineering, optimize GPU utilization, and reduce cloud and storage costs. With Alluxio, organizations can achieve magnitudes faster model training and serving without the need for specialized storage, and build AI infrastructure on existing data lakes. Backed by leading investors, Alluxio powers technology, internet, financial services, and telecom companies, including 9 out of the top 10 internet companies globally. To learn more, visit www.alluxio.io.
Media Contact:
Beth Winkowski
Winkowski Public Relations, LLC for Alluxio
978-649-7189
beth@alluxio.com
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