# Igneous

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

- Industry: IT Infrastructure
- Headquarters: Seattle, US
- Website: http://www.igneous.io
- Total disclosed funding: $68M
- Latest round: Series C (Feb 28, 2019)
- Investors on record: 6

## About

Igneous, Inc. specializes in data management solutions, focusing on unstructured data across enterprise and cloud environments. They provide advanced cyber resilience and data protection tools for businesses.Igneous, Inc. was founded in 2013 and is headquartered in Seattle, US. The company offers innovative solutions for unstructured data management, catering to businesses needing to secure and manage their data effectively. In December 2020, Rubrik, Inc. acquired Igneous, enhancing its capabilities in this sector. The company has successfully completed five funding deals, with the most recent being a Series C round in which they raised USD 25.90 mn, bringing the total amount raised to USD 25.90 mn. West River Group led this round, joined by investors including Madrona Venture Group, New Enterprise Associates, Redpoint Ventures, and Vulcan Capital. As of the last reported deal date, December 17, 2020, Igneous holds a current valuation of USD 91.64 mn.Igneous provides a suite of data management solutions designed for comprehensive protection and management of unstructured data. Their flagship product integrates capabilities for data protection, cyber recovery, and advanced analytics. This enables businesses to secure their data across diverse environments, including enterprise data centers and cloud platforms. With the acquisition by Rubrik, Igneous has bolstered its offerings in managing Network Attached Storage (NAS) systems, serving clients across various sectors such as healthcare, finance, and education in North America, Europe, and Asia.Igneous generates revenue through a subscription-based model, providing tailored data protection services to enterprises. Clients engage in annual contracts that grant access to their suite of solutions, which includes ongoing support and updates. This model fosters long-term relationships with customers by continuously aligning services with evolving data management needs. Specific pricing plans are based on the individual requirements of each client, ensuring comprehensive coverage for their data management challenges.Looking ahead, Igneous plans to expand its product offerings and market presence significantly. The company aims to design and launch new solutions aimed at enhancing data management capabilities, with specific timelines for these releases yet to be disclosed. Additionally, the funding from the Series C round will support their strategic initiatives to penetrate new geographic markets and further develop their technology. With the acquisition by Rubrik, there are opportunities for enhanced growth and innovation in the unstructured data space, leveraging Rubrik's existing client base and market reach.

## Funding rounds

- Series C, Feb 28, 2019, $26M — New Enterprise Associates, Redpoint Ventures, Madrona Venture Group, Vulcan, West River Group
- Series B, Jan 29, 2018, $15M — New Enterprise Associates, Redpoint Ventures, Madrona Venture Group, Vulcan, Orca Bay Partners
- Series A, May 7, 2014, $24M — New Enterprise Associates, Redpoint Ventures, Madrona Venture Group
- Seed, Sep 1, 2013, $3M — Redpoint Ventures, Madrona Venture Group

## Investors

- Redpoint Ventures (https://capitalatlas.ai/funds/redpoint-ventures) — Seed, Series A, Series B, Series C
- Madrona Venture Group (https://capitalatlas.ai/funds/madrona-venture-group) — Seed, Series A, Series B, Series C
- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series A, Series B, Series C
- Vulcan (https://capitalatlas.ai/funds/vulcan) — Series B, Series C
- Orca Bay Partners (https://capitalatlas.ai/funds/orca-bay-partners) — Series B
- West River Group — Series C