How Much Did Dataride Raise?
Funding & Key Investors

Dataride, an internet and managed services provider, has secured $350K in total funding, with its most recent financing round bringing in $350K through a major strategic investment. This capital infusion marks a significant milestone for the company, which operates a best-in-class data center facility in downtown Minneapolis and boasts one of the largest independent B2B wireless networks in the Twin Cities metropolitan area. The company's focus on high-speed wireless internet access, reliable server administration, and robust network solutions positions it for continued expansion in the enterprise technology sector.

What is Dataride?

Dataride
TelecommunicationsInternet Service Providers, Website Hosting & Internet-related ServicesBusiness Services

Dataride specializes in providing comprehensive internet and managed services tailored for businesses. Its core offerings include high-speed wireless internet access with guaranteed 99.99% uptime, business-class bandwidth solutions, and point-to-point broadband connections capable of transmitting vast amounts of data efficiently. The company also offers Virtual Private Server (VPS) hosting, providing clients with super-user access to their own operating system within Dataride's secure data center. This secure, 5000 sq. ft. facility, housed within a former bank vault, is fortified with 21 inches of steel and concrete, ensuring a best-in-class environment for data storage and server administration. Dataride's commitment to reliability is further underscored by its extensive network reach, superior range capabilities, and scalable service options designed to meet evolving network demands.

How much funding has Dataride raised?

Dataride has raised a total of $350K across 1 funding round:

2020

Debt

$350K

Debt (2020): $350K with participation from PPP

Key Investors in Dataride

PPP

Public-Private Partnership

What's next for Dataride?

With its recent strategic investment and substantial total funding, Dataride is poised to enhance its infrastructure and expand its service offerings. The company's emphasis on scalable solutions, redundancy, and superior data throughput suggests a strategic focus on capturing a larger share of the enterprise networking market. Future growth is likely to involve further development of its high-speed wireless network, potentially expanding its geographic reach and increasing bandwidth capacities. The company's robust data center capabilities, combined with its skilled engineering team and after-hours support, provide a strong foundation for attracting and retaining high-value business clients seeking reliable and secure IT infrastructure. This latest financing round will likely fuel innovation in network technology and data management services.

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Frequently Asked Questions Regarding Dataride Financial Insights

What are the most recent funding rounds that Dataride has completed, and what were the funding rounds?
Dataride has recently completed 1 funding rounds: Debt on Apr 6, 2020.
What is the total amount of funding Dataride has raised to date?
Dataride has raised a total of $350K in funding to date.
How many funding rounds has Dataride completed?
Dataride has completed 1 funding rounds.
How much funding did Dataride raise in its most recent funding round?
Dataride raised $350K in its most recent funding round.
Who are the lead investors in Dataride's latest funding round?
The lead investor in Dataride's latest funding round was PPP. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Dataride's history?
The largest funding round in Dataride's history was $350K.
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