Fugue, Inc. announced it has closed an approximately $41 million Series D financing round, bringing the company’s total funding to more than $75 million. The company’s flagship product, also called Fugue, radically simplifies cloud infrastructure complexity at scale with its dynamic, software-defined cloud orchestration and enforcement system. The round was led by New Enterprise Associates (NEA), with participation from previous investor Maryland Venture Fund and new investor Future Fund, the sovereign wealth fund of Australia.
The company consolidates its branding and closes its Series C financing led by NEA
FREDERICK, MD Jan 14, 2016 — Fugue (formerly Luminal), a Maryland-based startup developing an infrastructure-level operating system for cloud computing, announced it has closed a $20M Series C financing round, led by New Enterprise Associates (NEA). Previous investors, including Core Capital, also participated in the round. This brings the total amount of financing to $34M. The company also announced its name change to Fugue [few-g], which is the name of its cloud operating system. Continue reading
Luminal has developed a solution to bring control, efficiency, and security to cloud computing.
FREDERICK, MD, August 14, 2014—Luminal, a Maryland-based startup developing next-generation solutions for cloud operations and management, announced it has closed a $10M Series B financing round, led by New Enterprise Associates (NEA). Previous investors, including Core Capital Partners and Maryland Venture Fund, also participated in the round. This brings Luminal’s total amount of financing to $13.8M.
“This investment led by NEA will allow us to grow our team and expand our beta customer base in advance of general availability of our product,” said Josh Stella, founder and CEO of Luminal. “We’re building solutions from first principles to tackle hard problems in computing, and the strong support we’ve received from NEA, Core Capital, Maryland Venture Fund, and our other investors helps make that possible.” Continue reading
New funding allows Load DynamiX to accelerate product development and expand sales of its workload modeling and storage performance validation solutions
Santa Clara, CA, May 21, 2014– Load DynamiX, the leader in storage infrastructure performance validation, announced today that it has raised a $12 million round of funding, led by HighBar Partners.
Having established itself as the leading supplier of storage performance validation solutions to the storage and network technology vendors, Load DynamiX expanded its focus to enterprise IT and cloud service provider organizations in 2013. The company recently released the Load DynamiX Enterprise Series solutions that combine advanced storage workload modeling and extreme load generation into an integrated 2RU appliance designed to meet the needs of Global 1000 companies. Continue reading
FREDERICK, MD—April 22, 2014—Luminal has closed a $3.8MM Series A financing round with Core Capital Partners, Maryland Venture Fund, New Enterprise Associates, and other investors. The round includes the conversion of $1.1MM in convertible debt the company raised in August 2012.
Luminal is addressing deficiencies in traditional computing architectures that perpetuate operational complexity and security vulnerabilities. The company is working with early customers to further develop its solution for general availability, initially on Amazon Web Services.
The current model for computing is broken, and bad actors are racing far ahead of available defenses. We’re taking advantage of the nature of cloud computing to deliver native security, declarative control, and operational simplicity previously unattainable.
The company will use the investment to grow its engineering staff to continue product development and expand its customer base.
FREDERICK, MD—August 26, 2013—Lume Systems has closed $1.1 million in a seed round from Core Capital, Maryland Venture Fund, and others. The company remains in stealth status.