About Carbonite
Carbonite is a company based in Boston (United States) founded in 2005 was acquired by OpenText in November 2019. Carbonite has raised $66 million across 8 funding rounds from investors including Barclays, Citizens Bank and OpenText. The company has 742 employees as of December 31, 2019. Carbonite has completed 7 acquisitions, including Double-Take Software, EVault and MailStore. Carbonite offers products and services including Cloud Backup, Endpoint and Server Backup, and Data Protection Strategies. Carbonite operates in a competitive market with competitors including Acronis, Veeam, Rubrik, Cohesity and AvePoint, among others.
- Headquarter Boston, United States
- Employees 742 as on 31 Dec, 2019
- Stage Public
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Sectors
Technology
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Carbonite Inc
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Annual Revenue
$296.41 M (USD)24as on Dec 31, 2018
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Net Profit
$7.56 M (USD)289as on Dec 31, 2018
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EBITDA
$3.67 M (USD)130as on Dec 31, 2018
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Total Equity Funding
$66 M (USD)
in 8 rounds
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Latest Funding Round
Not available
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Investors
Barclays
& 10 more
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Employee Count
742
as on Dec 31, 2019
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Investments & Acquisitions
Double-Take Software
& 6 more
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Acquired by
OpenText
(Nov 11, 2019)
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Products & Services of Carbonite
Carbonite offers a comprehensive portfolio of products and services, including Cloud Backup, Endpoint and Server Backup, and Data Protection Strategies.
Provides unlimited cloud storage for file backups and easy restoration.
Offers backup for servers and computers to ensure data security.
Delivers scalable data protection for enterprise environments.
People of Carbonite
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Software Development Team
222 people
Leadership Team
117 people
Sales and Marketing
110 people
Senior Team
38 people
Product Management Team
24 people
Human Resources and Administration
20 people
Finance and Accounting
20 people
Lead Team
18 people
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Funding Insights of Carbonite
Carbonite has successfully raised a total of $66M across 8 strategic funding rounds. 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 Carbonite
Carbonite has secured backing from 11 investors, including institutional and venture fund investors. Prominent investors backing the company include Barclays, Citizens Bank and OpenText.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital is invested in various sectors by Crosslink Capital.
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Early-stage venture capital firm investing in AI, healthcare, and tech sectors.
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Private equity firm focused on buyouts
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Investor details for Carbonite
Investor domains, locations, round participation, and complete history require an active premium plan.
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- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Carbonite
Carbonite has strategically engaged in corporate development activities, having acquired 7 companies. Notable acquisitions include Double-Take Software, EVault and MailStore.
Investment portfolio details for Carbonite
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Smart email archiving solutions are provided for data management.
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Cloud-based backup services are offered for personal and enterprise users.
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Cloud backup and recovery solutions are offered for mobile workforces.
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Locked | Locked | 2005 | Locked |
Complete acquisition details for Carbonite
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- Transaction dates
- Acquired stakes
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- Domains and locations
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Financial Statements - Carbonite
Detailed financials for Carbonite
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- Profit trends
- Statement rows
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Carbonite Comparisons
Peer comparison for Carbonite
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- Named peers
- Headcount comparison
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Competitors of Carbonite
Carbonite 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 Acronis, Veeam, Rubrik, Cohesity and AvePoint, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cloud-based enterprise management solutions including backup and recovery are provided.
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IT backup and recovery solutions are provided via cloud platform.
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Converged data management solutions are provided for backup and recovery.
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Cloud and AI based enterprise data backup and management solutions
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Cloud based platform offering data backup and recovery solutions
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Cloud-based environments are delivered for application development and testing.
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Detailed competitors of Carbonite
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
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Verified entity values are shown only after access is granted.
Latest news on Carbonite
Complete news archive for Carbonite
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- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Frequently Asked Questions about Carbonite
Carbonite was founded in 2005 and raised its 1st funding round 1 year after it was founded.
Carbonite is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Carbonite is a funded company, having raised a total of $66M across 8 funding rounds to date.
As of Dec 31, 2019, the latest employee count at Carbonite is 742.
Annual revenue of Carbonite is $296.41M as on Dec 31, 2018.
Carbonite was founded in 2005 in Boston, United States, and operates in the data backup and recovery sector. Hybrid business continuity solutions are provided to small and medium-sized businesses, including cloud backup for individual computers through the Carbonite Personal service. Server backup capabilities are extended to physical and virtual environments, with additional monitoring and reporting tools integrated for backup management.
Carbonite offers Cloud Backup, Endpoint and Server Backup, and Data Protection Strategies.
Carbonite has made 7 acquisitions, including Double-Take Software, EVault, and MailStore.
Carbonite has 11 investors. Key investors include Barclays, Citizens Bank, OpenText, CJ Affiliate, and 3i Group.