What is Coraid?
Coraid delivers an elastic storage architecture designed from the ground up for virtualization and cloud environments. Its breakthrough EtherDrive and EtherCloud solutions provide scale-out performance and Ethernet simplicity, enabling organizations to effectively manage massive data growth and achieve cloud automation. The platform has seen widespread adoption, with over 1,700 customers worldwide leveraging its capabilities for their storage needs.
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, Allegis Capital, and Menlo Ventures
Series C (2011): $50M, investors not publicly disclosed
Key Investors in Coraid
Allegis Capital
Allegis Capital is a venture capital firm specializing in early-stage cybersecurity investments, leveraging deep domain expertise and operational experience to support innovative pioneers in the sector.
Azure Capital Partners
Azure Capital Partners focuses on post-seed and early-stage companies at growth inflection points, investing in transformative technologies and advising entrepreneurs in scaling their businesses.
Menlo Ventures
Menlo Ventures is a venture capital firm investing in early and growth-stage technology companies across various sectors, partnering with founders through multiple stages of scale.
What's next for Coraid?
The recent major strategic investment in Coraid signals a strong confidence in its technology and market position. This capital infusion is expected to fuel further innovation and expansion of its storage solutions, particularly for virtualization and cloud architectures. Coraid is well-positioned to capitalize on the increasing demand for scalable and automated storage, likely focusing on enhancing its platform's capabilities to support the evolving needs of enterprise data management and cloud deployments.
See full Coraid company page
