News

Alluxio recently announced that it raised $50 million in Series C funding led by a leading global investment firm, according to a press release on the company’s website. The news comes on the heels of the vendor’s April 2020 B round which saw Alluxio secure more than $15 million in venture capital. The round included participation from new and existing investors and brings the company’s total raised to more than $70 million since its founding in 2015. Alluxio also announced new AI and machine learning support for its main platform on the same day.

Alluxio has raised a $50 million Series C from investors including Andreessen Horowitz, Seven Seas Partners and Volcanics Venture. Based in San Mateo, Calif., the startup is a creator of open-source data orchestration software that’s used for large-scale analytics and AI and machine learning workloads in the cloud. Alluxio has also opened a new office in Beijing.

Alluxio has announced the immediate availability of version 2.7 of its Data Orchestration Platform. This new release has led to 5x improved I/O efficiency for Machine Learning (ML) training at lower cost by parallelizing data loading, data preprocessing and training pipelines, the company said. Alluxio 2.7 also provides enhanced performance insights and support for open table formats like Apache Hudi and Iceberg to more easily scale access to data lakes for faster Presto and Spark-based analytics.

Alluxio, a developer of open-source data orchestration software, today announced the immediate availability of version 2.7 of its data orchestration platform. This release brings users 5x improved I/O efficiency for Machine Learning (ML) training at a lower cost by parallelizing data loading, data processing, and training pipelines. In addition, this release provides enhanced performance insights and support for open-table formats in order to more easily scale access to data lakes for faster Presto and spark-based analytics.

Data orchestration software provider Alluxio today announced the close of an oversubscribed $50-million Series C round, which its CEO plans to spend on a global expansion. It also launched version 2.7 of its software, which is aimed at accelerating machine learning and analytics use cases and providing some relief to the multiplication of data silos.

Alluxio, a developer of open source data orchestration software for large-scale analytics and AI/ML workloads, has raised $50 million in Series C financing. The investors include a16z, Seven Seas Partners, and Volcanic Ventures.

San Mateo, California-based Alluxio, a data orchestration platform, today announced that it raised $50 million in an oversubscribed series C funding round led by an unnamed backer with participation from a16z, Seven Seas Partners, and Volcanics Venture. Leveraging the new tranche, Alluxio plans to expand its presence in the Asia-Pacific region with the opening of an office in Beijing while bolstering its product development, go-to-market, and engineering operations.

Alluxio (formerly Tachyon Nexus), a provider of an open-source cloud data orchestration platform, announced today it raised $50 million in Series C funding led by a leading global investment firm, with participation from existing investors including a16z, Seven Seas Partners, and Volcanics Ventures. This latest capital brings the total amount of funding raised to date to more than $70 million.

Data orchestration vendor Alluxio said on Tuesday it raised $50 million in Series C funding and also released a new platform update that accelerates data loading.