Coraid Funding: How Much Did They Raise & Key Investors

How Much Did Coraid Raise?
Funding & Key Investors

Coraid has successfully navigated a series of capital raises to solidify its position in the enterprise storage market, culminating in a total funding amount of $85.6M. The company's most recent strategic investment of $50M underscores its commitment to scaling its proprietary EtherDrive and EtherCloud architectures. By securing this significant financing, Coraid continues to demonstrate its capacity to attract institutional backing while addressing the complex demands of modern data centers and cloud-native environments.

The firm's growth trajectory, marked by a series of funding rounds from 2009 through 2011, reflects a deliberate strategy to transition from early-stage development to a mature, enterprise-grade storage provider. This capital infusion serves as a critical catalyst for the company's ongoing efforts to simplify storage management through Ethernet-based solutions.

What is Coraid?

Coraid

Manufacturing

Computer Equipment & Peripherals

Coraid is a specialized provider of storage solutions that redefines traditional data management through its breakthrough EtherDrive and EtherCloud platforms. By leveraging Ethernet simplicity and an elastic storage architecture, the company enables organizations to achieve high-performance, scale-out capabilities essential for modern virtualization and cloud automation. With a global footprint exceeding 1,700 customers, Coraid has established itself as a pivotal player in the infrastructure sector, effectively bridging the gap between massive data growth and the operational efficiency required by enterprise-level IT departments.

How much funding has Coraid raised?

Coraid has raised a total of $85.6M across 4 funding rounds:

2009

Series A

$10M

Private Equity

$552K

2010

Series B

$25M

2011

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 Allegis Capital, Menlo Ventures, and Azure Capital Partners

Series C (2011): $50M, investors not publicly disclosed

Key Investors in Coraid

Allegis Capital

AllegisCyber Capital is a venture capital firm that specializes in early-stage investments in the cybersecurity sector, providing unmatched domain expertise and operating experience to innovative pioneers.

Menlo Ventures

Menlo Ventures is a Menlo Park-based venture capital firm that invests in early and growth-stage technology companies across sectors such as enterprise software, infrastructure, and frontier tech.

Azure Capital Partners

Azure Capital Partners is an investment firm that focuses on post-seed and early-stage companies at pivotal growth points, acting as trusted advisors to transformative technology firms.

What's next for Coraid?

With the support of its latest strategic investment, Coraid is positioned to accelerate its product roadmap and expand its market reach. The company is expected to focus on enhancing its cloud automation features and deepening its integration within virtualized environments, ensuring that its storage architecture remains at the forefront of industry standards. As the demand for scalable, high-performance storage continues to rise, Coraid's ability to leverage its existing capital will be instrumental in maintaining its competitive edge and driving long-term value for its enterprise clientele.

See full Coraid company page

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