Sillicon Valley tech startup Alluxio raises additional $15.5M in funding for its open source cloud data orchestration platform
Alluxio (formerly Tachyon Nexus), a San Mateo, California-based tech startup today announced it has extended its Series B financing to $15.5 million to grow its hybrid cloud data orchestration platform. The round, which brings the total amount of funding raised to date to $23 million, was co-led by new investor Volcanics Ventures and existing investor a16z, with participation from technology entrepreneurs Isilon Founder Sujal Patel and YY Founding CTO Tony Zhao, and existing investor Seven Seas Partners.
Founded in 2015 by Haoyuan Li, Alluxio started out as an open source project from UC Berkeley AMPLab. For the past three years, they’ve been working to revolutionize the way data is stored, accessed, and managed by focusing on a memory-centric architecture. Their team consists of the creators and top committers of Alluxio (formerly Tachyon).
“Alluxio represents an extraordinary opportunity for strong growth in the data-driven hybrid and multicloud market. We are excited to partner with Alluxio and see the progress the company has made by establishing strategic partnerships with mega-cloud and compute-focused vendors and accelerating Alluxio’s momentum with enterprise and community adoption around the globe,” said Suyang Zhang, Founding Partner, Volcanics Ventures. “With Alluxio’s hybrid cloud Data Orchestration Platform fully in place and Haoyuan’s leadership, the company is well positioned to continue the strong growth of the business.”
During the past year, Alluxio advanced its technological leadership and commitment to open source with two major releases of its Data Orchestration Platform powering multi-cloud analytics and AI; won numerous industry awards and accolades; unveiled advanced cloud service integrations on Amazon AWS and Google Cloud; and took a leadership role in advancing community-driven open source, multi-cloud and hybrid cloud deployments.
“Alluxio’s vision and data orchestration technology is at the intersection of cloud, AI and data,” said Haoyuan (H.Y.), Li, Founder and CEO, Alluxio. “Customers across telecommunications, Internet, retail and ecommerce, and financial services are working with us and identifying innovative use cases for leveraging data across frameworks, clouds and storage. We view our strong customer and partner relationships as validating our approach and innovation that enables analytics and AI in hybrid cloud and multi cloud environments.”
Alluxio is also expanding its partner ecosystem. Recently, Alluxio has strengthened its partnerships with Amazon AWS and Google Cloud, by making its Data Orchestration Platform available in the Amazon AWS Marketplace, advancing to the Select Technology Partner status and joining the Google Cloud Partner Program as a technology partner, giving AWS and Google Cloud customers the ability to accelerate analytical workloads and orchestrate data across clouds.