How Much Did RackApps Raise?
Funding & Key Investors

RackApps has secured $1M in total capital, with its most recent financing round bringing in $1M through a major strategic investment. This latest backing underscores the company's significant traction in the enterprise-level funding landscape.

What is RackApps?

RackApps
ManufacturingComputer Equipment & Peripherals

RackApps, a division of ASA Computers, specializes in the manufacturing of optimized data-center and office appliances. The company partners with software firms to develop bespoke hardware solutions, focusing on performance, cost-efficiency, global support, and power consumption. By integrating off-the-shelf components into branded appliances, RackApps simplifies the deployment and maintenance of specialty software for businesses, leveraging a dedicated team of hardware and software engineers.

How much funding has RackApps raised?

RackApps has raised a total of $1M across 1 funding round:

2020

Debt

$1M

Debt (2020): $1M with participation from PPP

What's next for RackApps?

The recent major strategic investment signals a pivotal growth phase for RackApps. This capital infusion is expected to fuel further development of their appliance offerings and expand their market reach within the enterprise sector. The company's focus on creating efficient, serviceable hardware for software applications positions it for continued expansion and innovation in the data-center appliance market.

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Frequently Asked Questions Regarding RackApps Financial Insights

What are the most recent funding rounds that RackApps has completed, and what were the funding rounds?
RackApps has recently completed 1 funding rounds: Debt on May 3, 2020.
What is the total amount of funding RackApps has raised to date?
RackApps has raised a total of $1M in funding to date.
How many funding rounds has RackApps completed?
RackApps has completed 1 funding rounds.
How much funding did RackApps raise in its most recent funding round?
RackApps raised $1M in its most recent funding round.
Who are the lead investors in RackApps's latest funding round?
The lead investor in RackApps'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 RackApps's history?
The largest funding round in RackApps's history was $1M.
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