What is Egenera?
Founded in 2000 and headquartered in Marlborough, Massachusetts, Egenera operates as a pivotal intermediary in the IT services ecosystem. Through its Xterity platform, the company delivers a comprehensive suite of wholesale cloud offerings, including Backup-as-a-Service (BaaS) and Disaster-Recovery-as-a-Service (DRaaS). By enabling partners to provide recurring revenue cloud services without the burden of significant upfront capital expenditure, Egenera maintains a distinct market position. The company serves as a bridge between complex infrastructure requirements and the channel partners tasked with delivering these solutions to end-users, effectively lowering the barrier to entry for high-margin cloud service delivery.
How much funding has Egenera raised?
Egenera has raised a total of $171.2M across 9 funding rounds:
Series A
$20M
Series B
$30M
Series C
$44M
Series D
$30M
Series E
$26M
Debt
$2M
Unspecified
$3M
Unspecified
$16M
Debt
$175K
Series A (2000): $20M with participation from Spectrum Equity, Goldman Sachs, Kodiak Venture Partners, and YankeeTek Ventures
Series B (2002): $30M led by YankeeTek Ventures, Austin Ventures, Spectrum Equity, Goldman Sachs, and Kodiak Venture Partners
Series C (2002): $44M supported by Crosslink Capital, Mizuho Corporate Bank, and UBS
Series D (2003): $30M featuring Goldman Sachs, Technology Crossover Ventures, Kodiak Venture Partners, Lehman Brothers Holdings, Credit Suisse First Boston Equity Partners, Crosslink Ventures, Austin Ventures, Kenneth Zolot, and Spectrum Equity
Series E (2006): $26M backed by Pharos Capital Group
Debt (2009): $2M, investors not publicly disclosed
Unspecified (2009): $3M, investors not publicly disclosed
Unspecified (2014): $16M supported by Comvest Partners
Debt (2021): $175K featuring PPP
Key Investors in Egenera
Goldman Sachs
Goldman Sachs is a leading global investment banking, securities, and investment management firm providing a wide range of financial services to corporations and institutional clients.
Kodiak Venture Partners
Kodiak Venture Partners is a firm focused on seed and early-stage investments in emerging communications, software, and internet technology companies.
Spectrum Equity
Spectrum Equity is a Boston-based investment firm providing capital and strategic support to companies operating within the information economy.
What's next for Egenera?
Looking ahead, Egenera is positioned to leverage its historical capital backing to further refine its Xterity cloud services platform. As the demand for resilient, scalable IT infrastructure continues to accelerate, the company's focus remains on enhancing its disaster recovery and cloud migration toolsets. By maintaining its focus on the wholesale channel, Egenera is well-equipped to capitalize on the shift toward monthly recurring revenue models, ensuring that its partners can remain competitive in an increasingly cloud-centric global market. Future strategic initiatives will likely prioritize the expansion of its service portfolio to address emerging cybersecurity and data sovereignty requirements within the IT channel.
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