What is RackWare?
RackWare offers a sophisticated, highly automated Hybrid Cloud Management Platform designed to span physical, virtual, and cloud environments. The company's suite of services includes Disaster Recovery and Backup, Hybrid Cloud Management, and Cloud Migration and Replication, enabling seamless scaling of computing resources based on fluctuating demand. RackWare's solutions are engineered to deliver substantial cost savings, estimated between 40 to 50 percent, and a significant reduction in time and resources by a factor of 20:1, while ensuring peak performance and availability for cloud operations. Serving a clientele that includes Fortune 500 companies and large public agencies globally, RackWare is a well-established entity in the private sector, headquartered in Silicon Valley with development and support centers 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 Osage Venture Partners and Kickstart Seed Fund
Private Equity (2014): $2.3M supported by Kickstart Seed Fund and Osage Venture Partners
Debt (2015): $1.7M featuring Kickstart Seed Fund and Osage Venture Partners
Series B (2016): $10M backed by vSpring Capital, Kickstart Seed Fund, and Osage Venture Partners
Debt (2020): $350K with participation from PPP
Debt (2021): $735K led by PPP
Key Investors in RackWare
vSpring Capital
vSpring Capital is an investment firm focused on backing early-stage SaaS and technology breakthroughs, aiming to support innovative startups in the tech sector with capital and resources for growth.
Kickstart Seed Fund
Kickstart Fund is a venture capital firm specializing in pre-seed and seed funding for startups in the Mountain West region, actively partnering with entrepreneurs across various tech sectors since 2008.
Osage Venture Partners
Osage Venture Partners is a venture capital firm focused on investing in early-stage B2B software companies, particularly those involved in the future of work and education, on the East Coast.
What's next for RackWare?
The recent major strategic investment signifies RackWare's pivotal stage of development, likely aimed at accelerating product innovation, expanding market reach, and strengthening its competitive position in the rapidly evolving cloud management landscape. With a proven track record of delivering significant cost efficiencies and performance gains for its enterprise clients, RackWare is well-positioned to capitalize on the ongoing digital transformation initiatives across industries. Future growth is expected to be driven by continued advancements in its intelligent automation capabilities and the expansion of its service offerings to address complex hybrid and multi-cloud challenges.
See full RackWare company page
