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
*********
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Website
*********
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Social
*********
- Legal Name Carbonite Inc
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Annual Revenue
$296.41 M24as on Dec 31, 2018
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Net Profit
$7.56 M289as on Dec 31, 2018
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EBITDA
$3.67 M130as on Dec 31, 2018
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Total Equity Funding
$66 M (USD)
in 8 rounds
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Latest Funding Round
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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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.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Last Round
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First Round
First Round
(01 Mar 2006)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2019 | Amount | Debt – Conventional - Carbonite | Valuation |
investors |
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| Mar, 2017 | Amount | Post-IPO - Carbonite | Valuation |
investors |
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| Dec, 2009 | Amount | Series C - Carbonite | Valuation |
investors |
| 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 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. 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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Venture capital is invested in various sectors by Crosslink Capital.
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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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Private equity firm focused on buyouts
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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 Carbonite
Carbonite has strategically engaged in corporate development activities, having acquired 7 companies. Notable acquisitions include Double-Take Software, EVault and MailStore. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Smart email archiving solutions are provided for data management.
|
2006 | ||||
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Cloud-based backup services are offered for personal and enterprise users.
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2005 | ||||
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Cloud backup and recovery solutions are offered for mobile workforces.
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2005 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Carbonite
| 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 |
Carbonite Comparisons
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. 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 |
Cloud-based enterprise management solutions including backup and recovery are provided.
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| domain | founded_year | HQ Location |
IT backup and recovery solutions are provided via cloud platform.
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| domain | founded_year | HQ Location |
Converged data management solutions are provided for backup and recovery.
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| domain | founded_year | HQ Location |
Cloud and AI based enterprise data backup and management solutions
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| domain | founded_year | HQ Location |
Cloud based platform offering data backup and recovery solutions
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| domain | founded_year | HQ Location |
Cloud-based environments are delivered for application development and testing.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Carbonite
Frequently Asked Questions about Carbonite
When was Carbonite founded?
Carbonite was founded in 2005 and raised its 1st funding round 1 year after it was founded.
Where is Carbonite located?
Carbonite is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is Carbonite a funded company?
Carbonite is a funded company, having raised a total of $66M across 8 funding rounds to date. The company's 1st funding round was a Series C of $20M, raised on Mar 01, 2006.
How many employees does Carbonite have?
As of Dec 31, 2019, the latest employee count at Carbonite is 742.
What is the annual revenue of Carbonite?
Annual revenue of Carbonite is $296.41M as on Dec 31, 2018.
What does Carbonite do?
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.
Who are the top competitors of Carbonite?
What products or services does Carbonite offer?
Carbonite offers Cloud Backup, Endpoint and Server Backup, and Data Protection Strategies.
How many acquisitions has Carbonite made?
Carbonite has made 7 acquisitions, including Double-Take Software, EVault, and MailStore.
Who are Carbonite's investors?
Carbonite has 11 investors. Key investors include Barclays, Citizens Bank, OpenText, CJ Affiliate, and 3i Group.
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