What is Caringo?
Founded in 2005, Caringo specializes in developing software from the ground up to manage the complexities of escalating data volumes. Its flagship product, Swarm, is designed to liberate data from specific applications and hardware, establishing a robust foundation for data access and analysis. Swarm guarantees data integrity and continuously evolves to meet changing needs. The company's software-defined storage solutions are deployed across various industries, serving organizations such as NEP, Science and Technology Facilities Council (STFC), Argonne National Labs, Texas Tech University, and the Brazilian Federal Court System, among hundreds of others worldwide.
How much funding has Caringo raised?
Caringo has raised a total of $14.4M across 3 funding rounds:
Private Equity
$5.3M
Series B
$8.8M
Debt
$350K
Private Equity (2016): $5.3M, investors not publicly disclosed
Series B (2016): $8.8M led by New Science Ventures and Advantage Capital
Debt (2020): $350K supported by PPP
Key Investors in Caringo
New Science Ventures
New Science Ventures is a venture capital firm that invests in early and late-stage companies leveraging novel scientific approaches in life sciences and information technology. They focus on addressing significant unmet needs and creating value in sectors with long-term growth potential.
Advantage Capital
Advantage Capital Partners is a venture capital firm that invests in cleantech, communication, energy, information technology, and life sciences industries. The firm is located in New Orleans.
What's next for Caringo?
The recent major strategic investment, coupled with the overall enterprise-level funding context, suggests Caringo is in a phase of scaling its operations and expanding its market reach. The company's focus on data integrity and access for rapidly growing datasets positions it well within industries facing significant data challenges. Future growth is likely to involve further development of its Swarm platform, enhancing its capabilities for data analysis and accessibility, and potentially exploring new market segments that require resilient and cost-effective storage solutions.
See full Caringo company page
