# RackWare Incorporated

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

- Industry: Software
- Headquarters: San Jose, US
- Website: www.rackwareinc.com
- Total disclosed funding: $16M
- Latest round: Series B (Aug 31, 2016)
- Investors on record: 3

## About

RackWare Incorporated specializes in hybrid cloud management solutions, enabling seamless cloud migration, workload management, and disaster recovery for businesses across various environments.Founded in 2009, RackWare is based in San Jose, US, offering a hybrid cloud management platform that facilitates workload migration and management. The company has not undergone any significant pivots in its business strategy since its inception. It has raised a total of USD 10.16 mn across six funding rounds, with the most recent being a VENTURE DEBT round of USD 4.00 mn on October 28, 2019. The company was founded by Sash Sunkara, whose prior entrepreneurial experience is not specified.RackWare offers a comprehensive hybrid cloud management platform designed for seamless migration, management, and protection of workloads. Its core product suite includes solutions for cloud migration, disaster recovery, and automated backup, allowing users to transfer applications and data across platforms like Google Cloud Platform (GCP), Oracle Cloud Infrastructure (OCI), Microsoft Azure, and IBM Cloud. The platform caters to various environments, including Windows, Linux, Kubernetes, and OpenShift, serving a diverse client base across North America, Europe, and Asia.RackWare generates revenue mainly through partnerships and subscription models linked to its cloud migration and management solutions. The company engages in direct B2B transactions, where clients subscribe to its services, incorporating disaster recovery and backup solutions into their cloud management strategies. Pricing is tailored based on client needs, with offerings that vary by organizational size and complexity. The RackWare SWIFT suite is a key product driving revenue and client satisfaction.RackWare plans to leverage its recent VENTURE DEBT funding of USD 4 mn from October 2019 to enhance its product offerings and expand into new geographic markets. The company is actively developing new features and solutions aimed at improving cloud management capabilities, with particular focus on markets in Asia and Europe for expansion by late 2023. This strategic investment will support the launch of innovative products designed to meet the evolving needs of its clients in these regions.

## Funding rounds

- Series B, Aug 31, 2016, $10M — Signal Peak Ventures, Kickstart, Osage Venture Partners
- Series A, Jun 24, 2014, $2.3M — Signal Peak Ventures, Kickstart, Osage Venture Partners
- Seed, Jun 27, 2013, $1.5M — Kickstart, Osage Venture Partners
- Seed, Apr 1, 2013, $1.8M — Signal Peak Ventures, Osage Venture Partners

## Investors

- Signal Peak Ventures (https://capitalatlas.ai/funds/signal-peak-ventures) — Seed, Series A, Series B
- Osage Venture Partners (https://capitalatlas.ai/funds/osage-venture-partners) — Seed, Series A, Series B
- Kickstart (https://capitalatlas.ai/funds/kickstart) — Seed, Series A, Series B