About ConvergeNet Technologies
ConvergeNet Technologies is a Technology company based in San Jose (United States) founded in 1997, and was acquired by Dell in September 1999. SAN management solutions for heterogeneous storage environments are provided. ConvergeNet Technologies has raised $25 million across 3 funding rounds from investors including Dell and Sierra Ventures. Its focus areas include Enterprise Infrastructure, Enterprise Storage and Storage Area Network. Its competitors include DDN, Coraid and Chelsio; 3 of its 3 listed competitors have raised funding.
Company details
ConvergeNet Technologies was founded in 1997 in San Jose, United States, focusing on the technology sector. Storage, processing, networking, and management solutions are delivered for data infrastructure. Storage Area Network (SAN) management is supported in heterogeneous environments through a modular design. Options for data storage, connectivity, and protocols are selectable by IT teams. Following acquisition by Dell, integration with Intel-based servers on Linux or Windows systems is enabled.
- Headquarters San Jose, United States
- Stage Acquired
- SectorsTechnology
- Website convergenet.com
- Acquired by Dell (Sep 1999)
Funding Insights of ConvergeNet Technologies
ConvergeNet Technologies has successfully raised a total of $25M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $5 million completed in February 1999. 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 $25M
- Total Rounds 3
- Last Round Series B — $5M
- First Round $2.3M
(Jun 1997)
- Investors Count 1
All 3 funding rounds of ConvergeNet Technologies with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 1999 | $5M | Series B | – | – | – |
| Sep 1998 | $20M | Series A | – | – | – |
| Jun 1997 | $2.3M | Unspecified | – | – |
2 investors in total: 2 institutional.
Investors in ConvergeNet Technologies
ConvergeNet Technologies has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Dell and Sierra Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture capital investments in AI, healthcare, and enterprise technologies. | sierraventures.com | |||
Dell is recognized for providing computers and technology solutions. | 1984 | dell.com | Round Rock, United States |
Investor details for ConvergeNet Technologies
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Timeline of ConvergeNet Technologies
4 dated milestones of ConvergeNet Technologies across 2 years, from founding to its latest funding, stage changes and deals.
- Founded ConvergeNet Technologies is founded.
- Funding First funding round of $2.3M.
- Funding Latest funding round, Series B, of $5.0M.
- Exit Acquired by Dell.
Competitors of ConvergeNet Technologies
ConvergeNet Technologies has 3 listed competitors in our database, 3 of them funded. They include DDN, Coraid and Chelsio.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ddn.com | 1998 | Chatsworth, United States | $309.9M | 456 | Big data and HPC storage appliances are provided for businesses. | |
| coraid.com | 2000 | Redwood, United States | $99.89M | Ethernet-based SAN storage solutions are provided for data networks. | ||
| chelsio.com | 1997 | Sunnyvale, United States | $79M | 24 | Networking solutions for storage solutions |
Detailed competitors of ConvergeNet Technologies
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Top companies in Enterprise Storage
3 companies that operate in the same segment as ConvergeNet Technologies (Enterprise Storage) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud based integrated application development platform | 2011 | New York, New York, United States | USD 173.73 M | USD 901.43 M | 2,498 | |
Provider of data storage platforms and subscription services | 2009 | Mountain View, California, United States | USD 528.51 M | USD 3.17 B | 4,789 | |
Converged data management solutions are provided for backup and recovery. | 2014 | Palo Alto, California, United States | USD 553 M | USD 1.32 B | 5,196 |
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Frequently Asked Questions about ConvergeNet Technologies
ConvergeNet Technologies was founded in 1997.
ConvergeNet Technologies is headquartered in San Jose, United States. It is registered at San Jose, California, United States.
ConvergeNet Technologies is a funded company, having raised a total of $25M across 3 funding rounds to date. The company's 1st funding round was a Unspecified of $2.3M, raised on Jun 1997.
ConvergeNet Technologies was founded in 1997 in San Jose, United States, focusing on the technology sector. Storage, processing, networking, and management solutions are delivered for data infrastructure. Storage Area Network (SAN) management is supported in heterogeneous environments through a modular design. Options for data storage, connectivity, and protocols are selectable by IT teams. Following acquisition by Dell, integration with Intel-based servers on Linux or Windows systems is enabled.
ConvergeNet Technologies has 2 investors. Key investors include Dell, and Sierra Ventures.
Yes. ConvergeNet Technologies was acquired by Dell in September 1999.