About Avere
Avere is a Technology company based in Pittsburgh (United States) founded in 2008, and was acquired by Microsoft in January 2018. Hybrid NAS controllers are deployed for storage optimization. Avere has raised $86 million across 5 funding rounds from investors including Microsoft, Google and Lightspeed Venture Partners. The company has 100 employees. Its focus areas include Enterprise Infrastructure, Enterprise Storage, Network Attached Storage and Controller. Its legal entity is AVERE SYSTEMS, INC. Its competitors include Acopia Networks, Maranti and ARIO Data Networks; 3 of its 3 listed competitors have raised funding.
Company details
Founded in 2008 in Pittsburgh, United States, Avere Systems operates in the storage sector. Hardware-based hybrid NAS controllers, known as Edge Filers, are attached at customer premises to enhance user response times and centralized storage management. The Edge-Core approach is utilized for this purpose. Data is moved non-disruptively via Flash Move between heterogeneous NAS filers, supporting load balancing, archiving, capacity expansion, and legacy system decommissioning.
- Headquarters Pittsburgh, United States
- Employees 100
- Stage Acquired
- SectorsTechnology
- Website averesystems.com
- Social LinkedIn X
- Acquired by Microsoft (Jan 2018)
- Legal Name Avere Systems, Inc.
Funding Insights of Avere
Avere has successfully raised a total of $86M across 5 strategic funding rounds. The most recent funding activity was a Series E round of $14 million completed in March 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $86M
- Total Rounds 5
- Last Round Series E — $14M
- First Round $15M
(Sep 2009)
- Investors Count 8
All 5 funding rounds of Avere with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2017 | $14M | Series E | – | Menlo Ventures, Norwest Venture Partners | – |
| Jul 2014 | $20M | Series D | – | – | |
| Jul 2012 | $20M | Series C | – | Lightspeed Venture Partners | |
| Aug 2010 | $17M | Series B | – | Tenaya Capital, Menlo Ventures | |
| Sep 2009 | $15M | Series A | – | – |
9 investors in total: 9 institutional.
Investors in Avere
Avere has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Microsoft, Google and Lightspeed Venture Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture capital firm investing in AI, healthcare, and tech sectors. | menlovc.com | |||
Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors. | 1961 | nvp.com | Menlo Park, United States | |
Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners. | 1997 | lsvp.com | Menlo Park, United States | |
Investment and partnership services for entrepreneurs in finance and growth support. | tenayacapital.com | |||
Multiple sectors are invested in by this venture capital firm. | westerndigitalcapital.com | Milpitas, United States | ||
A technology company offering products and services, including search engine, cloud computing, advertising, email, productivity software, and more | 1998 | google.com | Mountain View, United States | |
Enterprise storage solutions are delivered via AI-based platforms. | 1970 | westerndigital.com | San Jose, United States | |
| menlovc.vom | ||||
Microsoft is recognized for software, hardware, and gaming solutions. | 1975 | microsoft.com | Redmond, United States |
Investor details for Avere
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Timeline of Avere
4 dated milestones of Avere across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Avere is founded.
- Funding First funding round of $15.0M.
- Funding Latest funding round, Series E, of $14.0M.
- Exit Acquired by Microsoft.
Competitors of Avere
Avere has 3 listed competitors in our database, 3 of them funded. They include Acopia Networks, Maranti and ARIO Data Networks.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| acopia.com | 2002 | Lowell, United States | $85.96M | Intelligent file virtualization solutions are provided for enterprise storage. | ||
| maranti.com | 2000 | San Jose, United States | $51.5M | Serves as a controller for network storage services to ensure secure data management. | ||
| ariodata.com | 2000 | San Jose, United States | $34.46M | storage solutions and RAID controllers |
Detailed competitors of Avere
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of Avere
Websites that share an audience with Avere (averesystems.com).
Websites whose visitors overlap most with Avere. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| nimblestorage.com | 100% | 7.7K | #1,756,241 | View details | |
| helixstorm.com | 75% | 12.9K | #2,033,668 | View details | |
| netapp.com | 72% | 1.4M | #31,429 | View details | |
| purestorage.com | 72% | 634.8K | #71,870 | View details | |
mycloudnas.com | mycloudnas.com | 57% | – | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 17 similar websites and full traffic analytics for Avere
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 17 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Enterprise Storage
3 companies that operate in the same segment as Avere (Enterprise Storage) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud based integrated application development platform | 2011 | New York, New York, United States | USD 173.73 M | USD 901.43 M | 2,498 | |
Provider of data storage platforms and subscription services | 2009 | Mountain View, California, United States | USD 528.51 M | USD 3.17 B | 4,789 | |
Converged data management solutions are provided for backup and recovery. | 2014 | Palo Alto, California, United States | USD 553 M | USD 1.32 B | 5,196 |
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Related news about Avere
Complete news archive for Avere
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Frequently Asked Questions about Avere
Avere was founded in 2008 and raised its 1st funding round 1 year after it was founded.
Avere is headquartered in Pittsburgh, United States. It is registered at Pittsburgh, Pennsylvania, United States.
Avere is a funded company, having raised a total of $86M across 5 funding rounds to date. The company's 1st funding round was a Series A of $15M, raised on Sep 2009.
Avere has 100 employees.
Founded in 2008 in Pittsburgh, United States, Avere Systems operates in the storage sector. Hardware-based hybrid NAS controllers, known as Edge Filers, are attached at customer premises to enhance user response times and centralized storage management. The Edge-Core approach is utilized for this purpose. Data is moved non-disruptively via Flash Move between heterogeneous NAS filers, supporting load balancing, archiving, capacity expansion, and legacy system decommissioning.
Avere's top competitors include Acopia Networks, ARIO Data Networks and Maranti.
Avere has 9 investors. Key investors include Microsoft, Google, Lightspeed Venture Partners, Western Digital, and Norwest Venture Partners.
Avere operates through Avere Systems, Inc..
Yes. Avere was acquired by Microsoft in January 2018.