# Caringo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/caringo

- Industry: Software
- Headquarters: Austin, US
- Website: www.caringo.com
- Total disclosed funding: $21M
- Latest round: Series C (Sep 29, 2016)
- Investors on record: 4

## About

Caringo, Inc. provides innovative software-defined storage solutions, enabling businesses to manage and store large datasets efficiently. Their offerings are tailored for high-performance computing and support diverse operational environments.Founded in 2005 in Austin, US, Caringo, Inc. specializes in software-defined storage solutions. The company was acquired by DataCore Software in January 2021, marking a strategic pivot that combines their technologies. Paul Carpentier, one of the founders, has a history of entrepreneurship with various ventures in technology. The latest funding round was a Series C, raising USD 8.80 mn, bringing the total amount raised to USD 8.80 mn and the current company valuation to USD 31.378 mn.Caringo, Inc. offers software-defined storage solutions optimized for hyperconverged infrastructure and data management. Their flagship products support various protocols such as S3/HTTP, designed to facilitate fast data access and archiving for diverse environments, including remote offices, edge computing, and SMBs. The client base encompasses over 10,000 businesses globally, spanning sectors from large enterprises to service providers.Caringo, Inc. employs a subscription-based revenue model, primarily through direct sales. The company’s offerings are typically provided under annual licensing agreements that include support and maintenance services. Their storage solutions, including those tailored for hyperconverged infrastructure, form the main revenue drivers, ensuring clients can optimize their data management while complying with necessary regulations.Looking ahead, Caringo, Inc. aims to enhance its product lineup with new software releases and features designed for advanced data management. The company has plans to expand its market presence in North America, Europe, and Asia-Pacific by 2023. The recent Series C funding will be utilized to support these initiatives, particularly to strengthen product synchronization and delivery capabilities, thus providing enterprises with competitive advantages in software-defined storage.

## Funding rounds

- Series C, Sep 29, 2016, $8.8M — Advantage Capital, New Science Ventures
- Series B, Aug 26, 2016, $5.3M — New Science Ventures
- Series B, Jul 9, 2014, $5M — Austin Ventures, Vodafone Ventures
- Series A, Apr 23, 2010, $1.9M — Austin Ventures, Vodafone Ventures

## Investors

- Austin Ventures (https://capitalatlas.ai/funds/austin-ventures) — Series A, Series B
- Vodafone Ventures (https://capitalatlas.ai/funds/vodafone-ventures) — Series A, Series B
- New Science Ventures (https://capitalatlas.ai/funds/new-science-ventures) — Series B, Series C
- Advantage Capital — Series C