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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- 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.
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.
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Early-stage venture capital firm investing in AI, healthcare, and tech sectors.
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Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors.
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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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Investor details for Avere
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Investments & Acquisitions by Avere
Investment portfolio details for Avere
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Financial Statements - Avere
Detailed financials for Avere
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Avere Comparisons
Peer comparison for Avere
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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.
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Intelligent file virtualization solutions are provided for enterprise storage.
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Serves as a controller for network storage services to ensure secure data management.
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storage solutions and RAID controllers
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High-capacity RAID storage systems are provided for enterprise data solutions.
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Enterprise network attached storage is managed via specialized software.
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Detailed competitors of Avere
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Latest news on 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.
As of Dec 31, 2022, the latest employee count at Avere is 100.
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 NStor.
Avere has 9 investors. Key investors include Microsoft, Google, Lightspeed Venture Partners, Western Digital, and Norwest Venture Partners.