Qumulo, an enterprise data storage startup and former Red Herring Top 100 winner, has closed a $40 million Series B funding round led by Kleiner Perkins Caufield & Byers. Previous backers Highland Capital, Madrona Venture Group and Valhalla Partners also participated. The company, still in stealth-mode, has now raised total of $67 million. “Enterprises are grappling with the challenge of how to understand, store, and cost-effectively manage an incomprehensible number of files and digital assets,” said Peter Godman, co-founder and CEO of Seattle-based Qumulo. “The caliber of venture capital investors and board members that have joined us underscores the huge market opportunity that exists and reflects investor confidence in the work accomplished over the last three years by our team.”
SocialFinance, a student loan refinancing marketplace, has secured $200 million in Series D funding led by Third Point ventures. The company will expand its consumer lending products build out new options for investors in its marketplace with the new funds. Wellington Management Company, Institutional Venture Partners and existing investors also participated. “Member response to the SoFi experience – our nontraditional underwriting approach, product innovation, and seamless customer service – has proven that we’re becoming the preeminent financial services provider for early career professionals,” said Mike Cagney, CEO of SoFi. “This financing allows us to continue to expand our unique offerings to them while delivering access to premium credit for our marketplace investors.”
Analytics company Manthan has closed a $60 million Series D funding round. Temasek and Norwest Venture Partners participated. “A few years ago, we decided to focus our energy on transforming analytics from decision-support to decision-making. To achieve our goal, the all-pervasive consumerization of analytics, we are leveraging artificial intelligence and NLP and moving into the realm of robotics and automated analytics,” said Atul Jalan, Manthan CEO.
Skimlinks, a content monetization platform for digital publishers, has raised Series C financing worth $16 million. Frog Capital led the round, with participation from Bertelsmann Digital Media Investments (BDMI), Greycroft, Sussex Place Ventures and Silicon Valley Bank (SVB). The company’s platform allows publishers to automatically generate revenue from any e-commerce activity which is driven by their content. Skimlinks has now raised a total of $24 million to date. “Publishers are increasingly turning to content-led monetization strategies for growth, as traditional digital display advertising rates continue to decline. With incredibly efficient technology and deep commerce insight, Skimlinks has become the go-to content monetization partner for the world’s most prestigious digital publishers,” Iyad Omari, Partner, Frog Capital said in a press release.