A division of Wichita-based Koch Industries Inc. has put funding behind a Silicon Valley startup working to break through bottlenecks on the cloud.
Koch Disruptive Technologies (KDT) has led a $20-million Series A investment round into Volumez, a young company out of Israel positioning itself as a cloud infrastructure company.
KDT, according to a news release, is joined in backing the company by existing investors Viola Ventures and Pitango. Specific funding amounts from individual investors were not disclosed.
Volumez said it will use the money to grow business operations in the U.S., while maintaining research and development work 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,” said Chase Koch, CEO of KDT. “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.”
Amit’s background includes nearly nine years in leadership and top engineering roles with IBM before founding Volumez in 2020.
Faintuch joined the company as CEO in February in a move to help scale commercial adoption of Volumez, with his background including leadership roles with GlobalFoundries, Intel and Qualcomm.
