Qumulo pulls in $30M from investors as it expands marketing reach

Rachel Lerman | The Seattle Times | 4 April 2017

“Seattle company Qumulo has had a busy few months – it brought on a new CEO, a new vice president of marketing, and has now reeled in $30 million in financing.

The latest investment brings Qumulo to a total funding level of more than $130 million in its five years, including a $32.5 million round raised last summer.

Qumulo will use the funds to expand the reach of its data storage technology, CEO Bill Richter said. The company has been selling its product to companies in select sectors for the last couple years, and is now ready to take it to a wider audience.”

Read more here.

View Qumulo job opening here.

 

Magnolia Medical pulls in another $7 million in funding

Coral Garnick | Puget Sound Business Journal | 4 April 2017

“Seattle-based Magnolia Medical Technologies has pulled in another $7.25 million in its Series B funding round that will be used to try and make its product that identifies false positives become a “new standard of care.”

Several institutional investors participated in the financing round including the Canepa Advanced Healthcare Fund, which will now add Managing Director Paul Enever to Magnolia’s board of directors…

…This funding is an addition to last year’s $13. 8 million Series B financing round and will be used to accelerate commercial adoption of the SteriPath, as well as fuel the company’s research and development of devices to help improve the consistency, accuracy and predictability of other laboratory tests.”

Read more here.

View Magnolia Medical’s job opening here.

 

Washington Technology Industry Adds More Than 10,600 Jobs in 2016

CompTIA | PRNewsWire | 3 April 2017

“SEATTLE, April 3, 2017 /PRNewswire-USNewswire/ — Washington’s technology industry employment grew by an estimated 4.9 percent in 2016 as employers added some 10,600 new jobs, according to Cyberstates 2017™, the definitive annual analysis of the nation’s tech industry released today by CompTIA, the world’s leading technology association.

With an estimated 226,452 workers, Washington ranks ninth among the 50 states for tech industry employment.

Technology occupations across all other industries in Washington – the second component of the tech workforce – reached an estimated 236,000 in 2016.

The tech sector accounts for an estimated 13.2 percent ($58.9 billion) of the Washington economy.

The annualized average wage for a Washington tech industry worker was an estimated $134,800 in 2016, 133 percent higher than the average state wage ($57,800). Washington ranks second nationwide in average tech industry wages.”

Read more here.

 

Cloud data warehouse startup Snowflake opens Seattle-area engineering office, plans big growth

Todd Bishop | GeekWire | 30 March 2017

“Snowflake Computing, the Silicon Valley-based cloud data warehouse company led by former Microsoft exec Bob Muglia, is opening an engineering office in the Seattle region — planning to hire 10 to 15 engineers at the location this year, and potentially expanding to as many as 50 to 100 long-term.

 

Leo Giakoumakis, who joined Snowflake from Microsoft, will lead the engineering office, at the City Center Bellevue building in Bellevue, Wash. Giakoumakis has 20 years of software engineering experience, having led Microsoft engineering teams for 13 years on projects including SQL Server, Azure SQL and most recently HDInsight, where he delivered Hadoop, Spark and Kafka clusters as a cloud service, the company said.”

Read more here.

View Snowflake’s job opening here.