Total amount raised
$57.5 Millions
Latest funding date
11/1/2021
Location
Alluxio has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The company specializes in data orchestration for AI analytics and cloud services.
Keep reading to explore the intricacies of Alluxio's fundraising journey and the investors backing this innovative platform.
What Is Alluxio?
Alluxio, founded in 2015 by Amelia Wong and Haoyuan Li, is headquartered in San Mateo, California. The company specializes in data orchestration solutions for AI analytics and cloud services.
With a team of 51-100 employees, Alluxio focuses on providing a memory-centric architecture to revolutionize data storage, access, and management. Their solutions aim to accelerate AI workloads and increase GPU utilization.
Alluxio's innovative platform supports workload portability across different environments, offering a unified interface to various data sources while optimizing infrastructure costs.
How Much Funding Has Alluxio Raised?
- Series A
- Amount Raised: $7.5M
- Date: March 2015
- Lead Investors: Andreessen Horowitz
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and launch their data orchestration platform.
- Series B
- Amount Raised: $8.5M
- Date: January 2019
- Lead Investors: Seven Seas Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their platform's capabilities and market reach.
- Series B Extension
- Amount Raised: $7M
- Date: April 2020
- Lead Investors: Andreessen Horowitz, Volcanics Venture
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To boost hybrid cloud data orchestration capabilities.
- Series C
- Amount Raised: $50M
- Date: November 2021
- Lead Investors: Hillhouse Investment
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate AI workloads and increase GPU utilization.
Alluxio has raised a total of $73M in funding. The current valuation is not publicly disclosed.
Key Investors
- Andreessen Horowitz
- Details: Andreessen Horowitz, also known as a16z, is a private venture capital firm based in Menlo Park, California. Founded by Marc Andreessen and Ben Horowitz, the firm invests in both early-stage startups and established growth companies.
- Investment Focus Areas: Technology, healthcare, fintech, consumer.
- Notable Investments: Facebook, Airbnb, Slack.
- Hillhouse Investment
- Details: Hillhouse Investment is a global private equity firm with a focus on long-term value creation. Founded by Lei Zhang, the firm is known for its investments in innovative companies across various sectors.
- Investment Focus Areas: Technology, healthcare, consumer, financial services.
- Notable Investments: Tencent, JD.com, Baidu.
- Volcanics Venture
- Details: Volcanics Venture is a venture capital firm that focuses on early-stage investments in technology-driven companies. The firm aims to support startups with high growth potential in the data-driven hybrid and multicloud market.
- Investment Focus Areas: Technology, cloud computing, data analytics.
- Notable Investments: Not publicly disclosed.
- Seven Seas Partners
- Details: Seven Seas Partners is a venture capital firm that invests in technology startups. The firm is known for its strategic investments and support for companies aiming to expand their market reach.
- Investment Focus Areas: Technology, enterprise software, cloud services.
- Notable Investments: Not publicly disclosed.
What's Next for Alluxio?
Alluxio stands at the cusp of significant growth, driven by the increasing adoption of hybrid and multi-cloud environments. With strategic partnerships with Amazon AWS and Google Cloud, the company is well-positioned to leverage data across various frameworks and storage solutions. This expansion into diverse industries such as telecommunications, retail, and financial services underscores the vast opportunities ahead.
Future fundraising seems promising, given the successful Series B extension and the ongoing technological advancements. However, Alluxio will need to navigate challenges such as competition from other data orchestration providers and the rapid pace of technological change. Ensuring seamless integration across different cloud platforms will be crucial for maintaining their competitive edge.
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