What is Coraid?
Coraid specializes in delivering scale-out storage performance, leveraging Ethernet simplicity and an elastic storage architecture designed to manage massive data growth and facilitate cloud automation. Its platform is engineered for virtualization and cloud environments, having been adopted by over 1,700 customers globally. The company's innovative approach addresses the evolving demands of modern data infrastructure, providing a robust solution for businesses seeking efficient and scalable storage.
How much funding has Coraid raised?
Coraid has raised a total of $85.6M across 4 funding rounds:
Series A
$10M
Private Equity
$552K
Series B
$25M
Series C
$50M
Series A (2009): $10M with participation from Allegis Capital
Private Equity (2009): $552K, investors not publicly disclosed
Series B (2010): $25M supported by Azure Capital Partners, Menlo Ventures, and Allegis Capital
Series C (2011): $50M, investors not publicly disclosed
Key Investors in Coraid
Azure Capital Partners
Azure Capital Partners is an investment firm that focuses on post-seed and early-stage companies at pivotal growth points. They have a history of investing in transformative technologies and helping entrepreneurs expand their businesses.
Menlo Ventures
Menlo Ventures is a Menlo Parkbased venture capital firm that raises dedicated funds and invests in early and growthstage technology companies across sectors such as enterprise software, consumer internet, fintech, infrastructure, and frontier tech.
Allegis Capital
AllegisCyber Capital is a venture capital firm that specializes in early-stage investments in the cybersecurity sector. The company prides itself on its unmatched domain expertise and extensive operating experience, providing a competitive advantage in the market.
What's next for Coraid?
With a history of substantial enterprise-level funding and a recent major strategic investment, Coraid appears poised for significant scaling and market penetration. The company's focus on cloud automation and virtualization positions it well within the rapidly expanding cloud infrastructure market. Future strategic moves are likely to involve further product development, expanding its customer base, and potentially exploring new market segments or partnerships to solidify its position as a leader in next-generation storage solutions.
See full Coraid company page
