What is RackWare?
RackWare offers a highly automated Hybrid Cloud Management Platform designed to span physical, virtual, and cloud environments. The platform enhances availability and flexibility for enterprise IT users while reducing costs for IT providers. Its suite of services includes Disaster Recovery and Backup, Hybrid Cloud Management, and Cloud Migration and Replication, enabling dynamic scaling of computing resources based on demand fluctuations. RackWare's solutions are known to deliver substantial cost savings, estimated between 40 to 50 percent, and a significant reduction in time and resources (20:1), while ensuring high performance and availability. The company serves Fortune 500 clients and large public agencies globally, with its headquarters in Silicon Valley and support and development teams in Salt Lake City and Pune, India.
How much funding has RackWare raised?
RackWare has raised a total of $19.9M across 7 funding rounds:
Private Equity
$1.8M
Series A
$3M
Private Equity
$2.3M
Debt
$1.7M
Series B
$10M
Debt
$350K
Debt
$735K
Private Equity (2013): $1.8M, investors not publicly disclosed
Series A (2013): $3M led by Kickstart Seed Fund and Osage Venture Partners
Private Equity (2014): $2.3M supported by Osage Venture Partners and Kickstart Seed Fund
Debt (2015): $1.7M featuring Kickstart Seed Fund and Osage Venture Partners
Series B (2016): $10M backed by Osage Venture Partners, vSpring Capital, and Kickstart Seed Fund
Debt (2020): $350K with participation from PPP
Debt (2021): $735K led by PPP
Key Investors in RackWare
Osage Venture Partners
Osage Venture Partners is a Philadelphia-based venture capital firm that specializes in investing in early-stage B2B software companies. They focus on companies involved in the future of work and education, typically investing in post-revenue businesses.
Kickstart Seed Fund
Kickstart Fund is a venture capital firm based in Salt Lake City and Denver, specializing in pre-seed and seed funding for startups in the Mountain West region. They actively partner with entrepreneurs across various sectors.
vSpring Capital
Run Ventures (formerly vSpring Capital) is an investment firm focused on backing early-stage SaaS and technology breakthroughs. The company aims to support innovative startups in the tech sector.
What's next for RackWare?
With the recent strategic investment and a substantial total funding history, RackWare is well-positioned for its next phase of growth. The company's focus on intelligent automation and hybrid cloud management addresses a critical need for enterprises seeking to optimize their IT infrastructure. Future developments are likely to center on enhancing the platform's AI capabilities, expanding its service offerings, and deepening its market penetration across key enterprise sectors. The ongoing commitment from investors like Osage Venture Partners and Kickstart Seed Fund signals confidence in RackWare's business model and its potential to capture a larger share of the cloud management market.
See full RackWare company page
