# SteelEye Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/steeleye-technology

- Industry: Software
- Headquarters: San Mateo, US
- Website: http://www.steeleye.com
- Total disclosed funding: $20M
- Latest round: Series B (Jun 14, 2001)
- Investors on record: 6

## About

SteelEye Technology, Inc. is a provider of high availability and disaster recovery solutions that ensure continuous uptime for critical applications and data across various environments.Founded in 1999, SteelEye Technology, Inc. specializes in high availability and disaster recovery solutions. The company was acquired in May 2006 by Ten Art-ni, which merged the businesses under the name SteelEye in Europe and the Americas, while maintaining the Ten Art-ni name in Asia. The company is headquartered in San Mateo, US. The founder's background and previous ventures are not publicly available. SteelEye has raised a total of USD 20.00 mn in funding, with the most recent funding round being a Series B in which Dali Hook Venture Partners led the investment, alongside other investors including Compaq Computer Corporation, CrossBridge Ventures, Hitachi, and Massey Burch Capital.SteelEye Technology, Inc. specializes in high availability (HA) and disaster recovery (DR) solutions designed to ensure continuous uptime for applications, databases, and file storage across both on-premises data centers and cloud environments. Their core products, SIOS LifeKeeper and SIOS DataKeeper, facilitate automated HA/DR for various platforms, including SAP S/4HANA, SQL Server, and Oracle databases. These solutions allow organizations to create and manage high availability clusters without complex scripting or cumbersome administrative tasks, streamlining operations and reducing potential human error. SteelEye serves a diverse client base, including state and local governments, educational institutions, and sectors such as healthcare, manufacturing, and financial services, with significant market presence in North America, Europe, and Asia-Pacific regions.SteelEye Technology, Inc. generates revenue primarily through a subscription-based model for its high availability and disaster recovery solutions. Clients typically engage in multi-year contracts for software licenses, alongside optional professional services such as HA installation, health checks, and training programs. This transactional structure facilitates predictable revenue streams while catering to businesses that require ongoing support and optimization of their IT infrastructure. SteelEye's flagship products, including SIOS LifeKeeper and SIOS DataKeeper, are offered under various pricing plans that accommodate the needs of both small and large enterprises, though specific pricing details are proprietary. The company's engagement with clients, particularly in sectors requiring stringent uptime guarantees, underscores its commitment to delivering tailored solutions that enhance operational resilience.SteelEye Technology, Inc. plans to enhance its product offerings by developing new solutions aimed at improving its high availability and disaster recovery capabilities, with specific release dates to be announced. The company is targeting expansion into new geographic markets in North America and Europe by the end of 2024. The funding from the most recent Series B round will be utilized to support these initiatives, particularly in product development and market expansion efforts. In May 2006, the company underwent a strategic shift when it was acquired by Ten Art-ni to merge operations, a move aimed at strengthening its market position.

## Funding rounds

- Series B, Jun 14, 2001, $20M — Venrock, Hitachi, Dali Hook Venture Partners, CrossBridge Ventures, Compaq Computer Corporation, Massey Burch Capital

## Investors

- Venrock (https://capitalatlas.ai/funds/venrock) — Series B
- Hitachi — Series B
- Dali Hook Venture Partners (https://capitalatlas.ai/funds/dali-hook-venture-partners) — Series B
- CrossBridge Ventures (https://capitalatlas.ai/funds/crossbridge-ventures) — Series B
- Compaq Computer Corporation — Series B
- Massey Burch Capital (https://capitalatlas.ai/funds/massey-burch-capital) — Series B