What is RackWare?
RackWare operates as a sophisticated provider of intelligent, highly automated hybrid cloud management platforms. By bridging the gap between physical, virtual, and cloud-based environments, the company delivers essential services including disaster recovery, backup, and seamless cloud migration. Its platform is engineered to optimize resource allocation, allowing enterprise IT departments to scale operations dynamically while achieving significant cost efficiencies. With a client base spanning Fortune 500 organizations and large public agencies, RackWare has established itself as a pivotal player in the digital transformation landscape, consistently reducing operational overhead for its global partners.
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 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
Kickstart Seed Fund
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.
Osage Venture Partners
A Philadelphia-based venture capital firm that specializes in investing in early-stage B2B software companies on the East Coast.
vSpring Capital
An investment firm focused on backing early-stage SaaS and technology breakthroughs, supporting innovative startups in the tech sector.
What's next for RackWare?
With the recent strategic investment, RackWare is well-positioned to accelerate its product development roadmap and deepen its penetration into the enterprise market. The company's focus remains on enhancing its automation capabilities to meet the evolving demands of hybrid cloud architectures. By leveraging its established reputation and robust technological foundation, RackWare is poised to capitalize on the growing necessity for high-availability, cost-effective cloud management solutions. Future growth will likely center on scaling its support and development teams to maintain its competitive edge in the global IT infrastructure sector.
See full RackWare company page
