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Seattle storage company secured a $125 million Series E round of funding, putting it in unicorn status with a $1.2 billion valuation, the company said Thursday.

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led the round with participation from , and , as well as new investor . The new investment gives Qumulo a total funding raise of $351 million, the company said in a written statement. It is also the largest round of venture-backed funding since the company鈥檚 inception in 2012, according to Crunchbase data. The company raised its in 2018.

Qumulo鈥檚 data platform helps organizations create and manage their file data so they can gain value from it at scale. Samir Menon, director at BlackRock Private Equity Partners, said in a written statement that Qumulo has tapped into a new category within the enterprise data management space and is taking on the 鈥渃hallenge of creating and managing digital content at a scale and performance that is only getting bigger.鈥�

The company manages more than 150 billion files for customers, said Qumulo CEO in a written statement. The new funding will be used to expand internationally, accelerate innovation to democratize file data management in multicloud environments, and develop strategic partnerships.

鈥淚t will help Qumulo accelerate our ability to serve the world鈥檚 leading enterprises with the freedom, control and performance that organizations need now more than ever,鈥� he said. 鈥淲e see rapidly increasing demand driven from content creators which span artists creating Hollywood blockbusters, to researchers solving global pandemics, to engineers putting rockets into space.鈥�

Although Qumulo is more established in the data storage space, other startups in the sector have also had success in raising funds recently. In April, we reported on raising a $100 million Series C round to reach unicorn status, as well as 鈥檚 $250 million round that doubled its valuation to $2.5 billion. Meanwhile, in May, closed a $30 million Series B extension.

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