What is Qumu?
Headquartered in Minneapolis, Qumu Corporation provides a comprehensive suite of software applications designed to enable businesses to create, manage, secure, and measure the impact of their video content. Originally founded in 1978 as Rimage Corporation, the company rebranded in 2013 to better align with its focus on enterprise video management. Its product ecosystem spans software licenses, server appliances, and a robust cloud-hosted SaaS platform, catering to the increasing demand for high-quality corporate video communication and training tools. Qumu occupies a critical niche in the B2B software landscape, helping organizations navigate the complexities of digital transformation through reliable video infrastructure.
How much funding has Qumu raised?
Qumu has raised a total of $44M across 6 funding rounds:
Series A
$1.3M
Series B
$5.3M
Series C
$10.7M
Debt
$8.8M
Debt
$8M
Debt
$10M
Series A (2003): $1.3M with participation from The Halo Fund and Garage Capital
Series B (2006): $5.3M led by Storm Ventures, The Halo Fund, and Garage Capital
Series C (2008): $10.7M supported by Storm Ventures, Advanced Technology Ventures, The Halo Fund, and Garage Capital
Debt (2010): $8.8M featuring MMV Financial, Storm Ventures, The Angels' Forum, The Halo Fund, Advanced Technology Ventures, Sapphire Ventures, and Garage Capital
Debt (2016): $8M, investors not publicly disclosed
Debt (2018): $10M with participation from ESW Capital, LLC
Key Investors in Qumu
Storm Ventures
Storm Ventures is an early-stage venture capital firm focused on B2B software startups, specializing in areas such as artificial intelligence, enterprise infrastructure, and cybersecurity.
Garage Capital
Established in 1998 and headquartered in Palo Alto, California, Garage Technology Ventures is a company that focuses on helping start up companies invest and grow through creating their own solutions.
Advanced Technology Ventures
Founded in 1979, Advanced Technology Ventures is a bi-coastal venture capital firm with significant capital under management, working closely with entrepreneurial teams in software and IT infrastructure.
What's next for Qumu?
Looking ahead, Qumu is positioned to capitalize on the accelerating demand for secure, enterprise-grade video delivery. The strategic deployment of recent capital is expected to focus on enhancing the platform's cloud capabilities and deepening its integration with existing enterprise workflows. As the market for corporate video continues to mature, Qumu's focus on professional services and maintenance support will likely serve as a key differentiator, ensuring long-term customer retention and recurring revenue growth. The company remains focused on scaling its operations to meet the evolving needs of global enterprises, leveraging its historical expertise to drive future innovation in the video content management space.
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