Q3 2016 Strong Storage Venture Funding
Q3 venture funding kept a healthy pace with $275M in total funding across 12 rounds with an average round size of $25M. Upthere had the largest round, bringing in $77M in their first announced round and promising a new level of personal data storage and management across all your devices. Western Digital and Kleiner Perkins led the Upthere round. Rubrik came in second in Q3 funding raising a 3rd round of $61.1M with Druva not far behind raising a 5th round, $51M.