# SpiderOak

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

- Industry: Software
- Headquarters: Lenexa, US
- Website: www.spideroak.com
- Total disclosed funding: $21M
- Latest round: Series C (May 18, 2023)
- Investors on record: 11

## About

SpiderOak, Inc. is a US-based company that provides secure data backup, storage, and sharing solutions, focusing on data privacy and encryption for individuals and businesses.Founded in 2006 and headquartered in Lenexa, Kansas, SpiderOak, Inc. specializes in data security solutions, particularly through its offerings for both personal and enterprise users. The company recently secured USD 16.36 mn in Series C funding on May 18, 2023, led by Empyrean Technology Co., Ltd. SpiderOak has completed 10 deals to date, raising a total of USD 16.36 mn and currently holds a valuation of USD 79.84 mn. The company is led by CEO Dave Pearah, who has a history of involvement in the tech industry.SpiderOak specializes in providing secure data backup, storage, and sharing solutions through their core product offerings, which include SpiderOak ONE and Enterprise Solutions. SpiderOak ONE is designed for individual users and small teams, focusing on secure, private cloud storage that enables users to backup, synchronize, and share files across devices while ensuring data privacy through end-to-end encryption. The Enterprise Solutions cater to businesses that require robust data management and security features, addressing compliance and data protection needs within various industries. The company aims to solve issues related to data security and privacy, particularly for users concerned about unauthorized access to their information. SpiderOak's products are marketed primarily in North America and Europe, appealing to a diverse client base that includes personal users, small businesses, and large enterprises seeking reliable and secure data management solutions.SpiderOak generates revenue primarily through subscription-based models for its products and services, allowing customers to choose from various pricing plans based on their data storage needs and service features. The company's flagship product, SpiderOak ONE, is offered in different tiers, which may include varying levels of storage capacity and features tailored to individual or business requirements. For enterprise customers, partnerships may provide additional customized solutions, where revenue is generated through longer-term contracts that include both software and ongoing support services. Transactions are typically structured as direct-to-consumer sales for individual users, while larger clients may engage in B2B arrangements that encompass comprehensive data management solutions. Specific pricing details for these offerings are structured to reflect the value and security the company provides, ensuring that clients receive a high level of service in exchange for their investment.In May 2023, SpiderOak, Inc. raised USD 16.36 mn in Series C funding from new investors including Accenture Technology Ventures, RTX Ventures, and Stellar Ventures. This funding will accelerate the company's deployment of zero-trust, end-to-end data security solutions for commercial and government customers operating in space, enhance its growth in the space sector, and deliver cybersecurity and resilience platforms to customers.

## Funding rounds

- Series C, May 18, 2023 — Stellar Ventures, Accenture Technology Ventures, RTX Ventures
- Series C, Dec 29, 2022, $16M — Madison Dearborn Partners, OCA Ventures, Method Capital, Empyrean Technology Co., Ltd
- Series A, Oct 7, 2016, $0.8M — KCRise Fund
- Series A, Apr 30, 2015, $3.5M — OCA Ventures, KGC Capital, Dain Rauscher Wessels Equity Capital, BW Capital Partners

## Investors

- OCA Ventures (https://capitalatlas.ai/funds/oca-ventures) — Series A, Series C
- KGC Capital (https://capitalatlas.ai/funds/kgc-capital) — Series A
- Dain Rauscher Wessels Equity Capital — Series A
- BW Capital Partners (https://capitalatlas.ai/funds/bw-capital-partners) — Series A
- KCRise Fund (https://capitalatlas.ai/funds/kcrise-fund) — Series A
- Madison Dearborn Partners (https://capitalatlas.ai/funds/madison-dearborn-partners) — Series C
- Method Capital (https://capitalatlas.ai/funds/method-capital) — Series C
- Empyrean Technology Co., Ltd — Series C
- Stellar Ventures — Series C
- Accenture Technology Ventures (https://capitalatlas.ai/funds/accenture-technology-ventures) — Series C
- RTX Ventures (https://capitalatlas.ai/funds/rtx-ventures) — Series C