Data infrastructure platform tester Volumez informed QA Financial it has raked in $20 million in fresh funding. The capital injection follows another recent raise of $20 million.
Volumez, which is the developer of a cloud-aware data infrastructure platform and runs multiple cloud-focused testing solutions, said the funding round was led by Koch Disruptive Technologies (KDT), with a range of new investors piling in, including Samsung Venture Investments and J-Ventures.
Several existing investors such as Viola Ventures and Pitango First also allocated fresh funds, chief executive officer Amir Faintuch confirmed.
Israel-based Faintuch, a former Intel executive who runs the company together with founder CTO Jonathan Amit, said “this funding will enable us to broaden our cloud services to additional AI and machine learning workloads, expanding our solution offerings on the Volumez platform.”
The company’s controllerless orchestration software uses Linux to quickly test, integrate and execute modern data infrastructure for data-intensive workloads using a declarative interface that makes it relatively easy to deploy a wide variety of applications in hybrid and multi-cloud environments.
The firm signed up a range of banks, insurance firms and financial services in recent years.
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