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April 24, 2023

Volumez Secures $20 Million in Funding to Transform Cloud Infrastructure

Volumex plans to expand operations in the US and support research and development

With participation from Viola Ventures and Pitango, Volumez raised $20 million in a Series A round led by Koch Disruptive Technologies. Through the funding, the company plans to expand its business operations and customer base in the U.S. while continuing its research and development in Israel.

“Volumez technology is set to revolutionize the data infrastructure market, allowing, for the first time, hybrid and multi-cloud deployments at scale with significantly improved performance and latency compared to state-of-the-art on-premises solutions with cloud extensions,”

- shares Chase Koch, Founder and CEO of Koch Disruptive Technologies.

“This investment supports our vision to transform Koch Industries by partnering with exceptional entrepreneur CTO Jonathan Amit and CEO Amir Faintuch to bring Volumez's groundbreaking technology to market.”

With 36 employees in Israel and the U.S., Volumez develops controller orchestration software that uses Linux for the efficient execution of modern data infrastructure workloads. The software features a declarative interface that simplifies the deployment of applications in hybrid and multi-cloud environments. Amir Faintuch, former Senior VP and General Manager of Platform Engineering at Intel, is Volumez's CEO.

By using a controller-less architecture, the company created a direct Linux data path between media and applications, reducing latency and scalability issues and achieving consistently high performance and resilience. Due to the widespread adoption of data analytics, artificial intelligence, and machine learning systems across industries, this solution addresses the challenge businesses face in converting knowledge into intelligence quickly, easily, and at scale.

“The funding support from Koch Disruptive Technologies validates our investment in Volumez,”

- outlines Eyal Niv, Partner, Pitango First.

“Volumez's innovative technology breaks the bottlenecks inherent in traditional cloud architecture and radically transforms data services in the modern cloud. We welcome the partnership with Koch Disruptive Technologies, and are excited to be working with Amir Faintuch and his team in delivering the solution to customers.”

Elitsa Kaleva
Elitsa Kaleva
Content Writer at TechNews180
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