About Caringo
Caringo is a company based in Austin (United States) founded in 2005 was acquired by DataCore in January 2021.. Caringo has raised $18.03 million across 6 funding rounds from investors including Vodafone, DataCore and New Science Ventures. The company has 21 employees as of December 31, 2022. Caringo offers products and services including SANsymphony, Swarm, Parallel File Storage, and Container-Native Storage. Caringo operates in a competitive market with competitors including Cloudian, Minio, WEKA, LeoNovus and Exoscale, among others.
- Headquarter Austin, United States
- Employees 21 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 Caringo, Inc
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Products & Services of Caringo
Caringo offers a comprehensive portfolio of products and services, including SANsymphony, Swarm, Parallel File Storage, and Container-Native Storage. 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.
Software for SAN and HCI to modernize data centers.
Scalable system for data access and archiving needs.
High-performance solution for HPC and AI workloads.
Persistent storage for stateful apps on containers.
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Funding Insights of Caringo
Caringo has successfully raised a total of $18.03M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $3.4 million completed in August 2018. 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 6
- Last Round Series B — $3.4M
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First Round
First Round
(01 Jul 2005)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Aug, 2018 | Amount | Series B - Caringo | Valuation |
investors |
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| Sep, 2016 | Amount | Series B - Caringo | Valuation | New Science Ventures , Advantage Capital |
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| Apr, 2016 | Amount | Debt – Conventional - Caringo | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Caringo
Caringo has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Vodafone, DataCore and New Science Ventures. 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, mid, and late-stage investments are made in science sectors.
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Private equity investment firm
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Founded Year | Domain | Location | |
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Venture capital investments in Texas-based companies.
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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 Caringo
| 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 - Caringo
| 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 |
Caringo Comparisons
Competitors of Caringo
Caringo 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 Cloudian, Minio, WEKA, LeoNovus and Exoscale, 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 |
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| domain | founded_year | HQ Location |
Scalable cloud object storage is offered to enterprises and providers.
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| domain | founded_year | HQ Location |
Platform offering object storage solutions
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| domain | founded_year | HQ Location |
Data storage solutions for AI workloads are developed by WEKA.
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| domain | founded_year | HQ Location |
Blockchain technology is leveraged for data storage and security solutions.
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Provider of cloud services, compute and storage solution
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| domain | founded_year | HQ Location |
Scalable software-defined object storage is delivered on commodity hardware.
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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 Caringo
Frequently Asked Questions about Caringo
When was Caringo founded?
Caringo was founded in 2005.
Where is Caringo located?
Caringo is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Is Caringo a funded company?
Caringo is a funded company, having raised a total of $18.03M across 6 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $1.5M, raised on Jul 01, 2005.
How many employees does Caringo have?
As of Dec 31, 2022, the latest employee count at Caringo is 21.
What does Caringo do?
Caringo was founded in 2005 in Austin, United States, and operates in the software sector focused on data storage solutions. Object storage technology is provided through its flagship product CAStor, which enables commodity servers to be transformed into scalable, fault-tolerant systems. Massive content volumes are managed for extended durations, supporting various applications across distributed environments.
What products or services does Caringo offer?
Caringo offers SANsymphony, Swarm, Parallel File Storage, and Container-Native Storage.
Who are Caringo's investors?
Caringo has 5 investors. Key investors include Vodafone, DataCore, New Science Ventures, Advantage Capital, and Austin Ventures.
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