Volumez

Company Overview

Snapshot

Founded in March 2020 by Jonathan Amit and David Benayoun, Volumez operates with 51–200 employees. The company has raised $50 million across three funding rounds from five investors, with Koch Disruptive Technologies leading a Series A round. In July 2024, Volumez secured additional Series A funding, further expanding its cloud services for AI and machine learning workloads.

Business overview

Volumez is a cloud data orchestration SaaS company focused on accelerating digital transformation by eliminating data infrastructure bottlenecks. The company provides an open, universal data plane designed as an alternative to proprietary storage solutions, offering businesses flexibility in creating tailored data infrastructures and enabling true data mobility. Volumez's core technology allows enterprises to run any workload across various environments while ensuring guaranteed performance, availability, and security for mission-critical, data-intensive applications. It operates within the Business Software sector, specifically targeting enterprises with its IT, R&D, and Data Solutions, particularly in Data Architecture, Cloud, Platforms & Interfaces, and Software.

Strategic signal

In September 2024, Volumez unveiled its Data Infrastructure as a Service (DIaaS) platform, which is poised to redefine cloud data management by offering tailor-made infrastructures that dynamically orchestrate compute, network, and storage resources. This launch signals a significant strategic move to address limitations in traditional cloud storage, positioning Volumez as a key player in the cloud-native storage market and indicating strong growth potential through streamlined data workflows and optimized performance for diverse workloads, including AI/ML.

Company Intelligence Q&A

What was a significant recent product launch by Volumez?

In September 2024, Volumez launched its Data Infrastructure as a Service (DIaaS) platform. This platform aims to optimize cloud data performance and cost by offering tailor-made data infrastructures that adapt to various workloads.

What notable performance achievements has Volumez recently announced?

In September 2024, Volumez announced groundbreaking performance results from the MLCommons MLPerf Storage 1.0 AI/ML Training Benchmark. The company achieved 1.079 TB/sec throughput with 92.21% GPU utilization and 9.9M IOPS on AWS, setting new industry standards for AI/ML training.

What recent partnership did Volumez establish to expand its market reach?

In September 2024, Volumez announced that its ISV Solution is now available on Oracle Cloud Marketplace and can be deployed on Oracle Cloud Infrastructure (OCI). This partnership aims to enhance data infrastructure performance and resilience for PostgreSQL databases on OCI.

What was the most recent funding activity for Volumez?

In July 2024, Volumez raised an additional $20 million in its Series A funding round, bringing the total for the round to $40 million. The funding was led by Koch Disruptive Technologies and included new investor Samsung Venture Investment Corporation.

When did Volumez secure its initial Series A funding?

In April 2023, Volumez completed a $20 million Series A financing round. This round was led by Koch Disruptive Technologies, with participation from Pitango First.