Permabit Technology Corporation
Latest round
- Series C
Last raised
- Aug 2005
Total raised
- $12M
Investors
- 1
About Permabit Technology Corporation
Permabit Technology Corporation, founded in 2000, is based in Cambridge, US. The company specializes in data optimization solutions, addressing storage efficiency challenges. In July 2017, Red Hat, Inc. acquired Permabit Technology Corporation for an undisclosed amount. The company has been involved in 2 total deals, the most recent deal occurring on July 31, 2017.Permabit Technology Corporation offers advanced data optimization solutions, focusing on storage efficiency through technologies such as data deduplication, compression, and thin provisioning.Permabit generates revenue through its subscription-based models for software solutions and accompanying services, which include technical support and consulting. Clients typically enter into multi-year contracts, ensuring continuous access to updates and necessary support services.Permabit Technology Corporation's future growth strategy includes the ongoing development of new data optimization products, with details on specific launch dates to be announced. The company is also planning to expand its reach into new geographic markets, specifically targeting regions in Europe and Asia-Pacific by 2025.
Who invested in Permabit Technology Corporation
1 investor across 1 round
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Funding rounds
Series C
Aug 30, 2005
Amount
$12M
Investors
Questions about Permabit Technology Corporation
Who invested in Permabit Technology Corporation?
Permabit Technology Corporation has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Permabit Technology Corporation raised?
Permabit Technology Corporation has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Permabit Technology Corporation last raise money?
Permabit Technology Corporation's most recent round on record is a Series C, in Aug 2005.
What does Permabit Technology Corporation do?
Permabit Technology Corporation, founded in 2000, is based in Cambridge, US.
Where is Permabit Technology Corporation headquartered?
Permabit Technology Corporation is headquartered in Cambridge, US.
Which VCs invest in companies like Permabit Technology Corporation?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Permabit Technology Corporation's stage. Their profiles are linked below.
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