About Coraid
Coraid is a company based in Redwood City (United States) founded in 2000 was acquired by SouthSuite in August 2016.. Coraid has raised $99.89 million across 4 funding rounds from investors including Seagate, Azure Capital Partners and SouthSuite. Coraid has completed 1 acquisition, including Yunteq. Coraid operates in a competitive market with competitors including DDN, Chelsio, Sanera, Incipient and Lefthand Networks, among others.
- Headquarter Redwood City, United States
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Coraid, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$99.89 M (USD)
in 4 rounds
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Latest Funding Round
$14.29 M (USD), Series C
Dec 31, 2013
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Investors
Seagate
& 7 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
SouthSuite
(Aug 08, 2016)
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Funding Insights of Coraid
Coraid has successfully raised a total of $99.89M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $14.29 million completed in December 2013. 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 4
- Last Round Series C — $14.3M
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First Round
First Round
(03 Dec 2009)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2013 | Amount | Series C - Coraid | Valuation |
investors |
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| Oct, 2011 | Amount | Series C - Coraid | Valuation | Crosslink Capital | |
| Oct, 2010 | Amount | Series B - Coraid | Valuation | Menlo Ventures |
| 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 Coraid
Coraid has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Seagate, Azure Capital Partners and SouthSuite. 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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Early-stage investments are targeted by Azure Capital Partners.
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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 Coraid
Coraid has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Yunteq. 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
|
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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Cloud orchestration services are provided for enterprise cloud management.
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2009 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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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 - Coraid
| 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 |
Coraid Comparisons
Competitors of Coraid
Coraid 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 DDN, Chelsio, Sanera, Incipient and Lefthand Networks, 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 |
Big data and HPC storage appliances are provided for businesses.
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| domain | founded_year | HQ Location |
Networking solutions for storage solutions
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| domain | founded_year | HQ Location |
Enterprise SAN switches are provided for storage networking solutions.
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| domain | founded_year | HQ Location |
Enterprise storage, SAN virtualization, and data migration solutions are developed.
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| domain | founded_year | HQ Location |
Storage area network solutions and data systems are provided.
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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 Coraid
Frequently Asked Questions about Coraid
When was Coraid founded?
Coraid was founded in 2000 and raised its 1st funding round 9 years after it was founded.
Where is Coraid located?
Coraid is headquartered in Redwood City, United States. It is registered at Redwood City, California, United States.
Is Coraid a funded company?
Coraid is a funded company, having raised a total of $99.89M across 4 funding rounds to date. The company's 1st funding round was a Series B of $25M, raised on Dec 03, 2009.
What does Coraid do?
Coraid was founded in 2000 and is headquartered in Redwood City, United States. Ethernet-based storage area network (SAN) solutions are developed by the company, utilizing ATA over Ethernet, a protocol invented by its founder. Massive SANs are enabled through this ethernet communication method, supporting scalable data storage operations in enterprise environments.
Who are the top competitors of Coraid?
Coraid's top competitors include DDN, Chelsio and Lefthand Networks.
How many acquisitions has Coraid made?
Coraid has made 1 acquisition, including Yunteq.
Who are Coraid's investors?
Coraid has 8 investors. Key investors include Seagate, Azure Capital Partners, SouthSuite, Crosslink Capital, and Menlo Ventures.
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