About Avere
Avere is a company based in Pittsburgh (United States) founded in 2008 was acquired by Microsoft in January 2018.. Avere has raised $86 million across 5 funding rounds from investors including Microsoft, Google and Lightspeed Venture Partners. The company has 100 employees as of December 31, 2022. Avere operates in a competitive market with competitors including Acopia Networks, Maranti, ARIO Data Networks, NStor and Wishelf, among others.
- Headquarter Pittsburgh, United States
- Employees 100 as on 31 Dec, 2022
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Avere Systems, Inc.
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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 Total Funding
- Total Rounds 5
- Last Round Series E — $14.0M
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First Round
First Round
(14 Sep 2009)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2017 | Amount | Series E - Avere | Valuation | Menlo Ventures , Norwest Venture Partners |
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| Jul, 2014 | Amount | Series D - Avere | Valuation |
investors |
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| Jul, 2012 | Amount | Series C - Avere | Valuation | Lightspeed Venture Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage venture capital firm investing in AI, healthcare, and tech sectors.
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Founded Year | Domain | Location | |
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Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors.
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Founded Year | Domain | Location | |
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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Avere
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Avere
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Avere Comparisons
Competitors of Avere
Avere operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Acopia Networks, Maranti, ARIO Data Networks, NStor and Wishelf, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Intelligent file virtualization solutions are provided for enterprise storage.
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| domain | founded_year | HQ Location |
Serves as a controller for network storage services to ensure secure data management.
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| domain | founded_year | HQ Location |
storage solutions and RAID controllers
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| domain | founded_year | HQ Location |
High-capacity RAID storage systems are provided for enterprise data solutions.
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| domain | founded_year | HQ Location |
Enterprise network attached storage is managed via specialized software.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Avere
Frequently Asked Questions about Avere
When was Avere founded?
Avere was founded in 2008 and raised its 1st funding round 1 year after it was founded.
Where is Avere located?
Avere is headquartered in Pittsburgh, United States. It is registered at Pittsburgh, Pennsylvania, United States.
Is Avere a funded company?
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 C of $20M, raised on Sep 14, 2009.
How many employees does Avere have?
As of Dec 31, 2022, the latest employee count at Avere is 100.
What does Avere do?
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.
Who are the top competitors of Avere?
Avere's top competitors include Acopia Networks, ARIO Data Networks and NStor.
Who are Avere's investors?
Avere has 9 investors. Key investors include Microsoft, Google, Lightspeed Venture Partners, Western Digital, and Norwest Venture Partners.
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