About Coraid
Coraid is a Technology company based in Redwood City (United States) founded in 2000, and was acquired by SouthSuite in August 2016. Ethernet-based SAN storage solutions are provided for data networks. 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. Its focus areas include Enterprise Infrastructure, Enterprise Storage and Storage Area Network. Its legal entity is Coraid, Inc. Its competitors include DDN, Chelsio and Sanera; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Redwood City, United States
- Stage Acquired
- SectorsTechnology
- Website coraid.com
- Social LinkedIn X Facebook
- Acquired by SouthSuite (Aug 2016)
- Legal Name Coraid, Inc
- Total Equity Funding$99.89M (USD)
in 4 rounds
- Latest Funding Round$14.29M (USD), Series C
Dec 2013
- InvestorsSeagate
& 7 more
- Investments & Acquisitions
- Acquired bySouthSuite
(Aug 2016)
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 $99.89M
- Total Rounds 4
- Last Round Series C — $14.29M
- First Round $10M
(Dec 2009)
- Investors Count 7
All 4 funding rounds of Coraid 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 |
|---|---|---|---|---|---|
| Dec 2013 | $14.29M | Series C | – | – | – |
| Oct 2011 | $50.6M | Series C | – | Crosslink Capital | |
| Oct 2010 | $25M | Series B | – | Menlo Ventures | |
| Dec 2009 | $10M | Series A | – | Azure Capital Partners, AllegisCyber Capital | – |
8 investors in total: 8 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital is invested in various sectors by Crosslink Capital. | crosslinkcapital.com | San Francisco, United States | ||
Early-stage venture capital firm investing in AI, healthcare, and tech sectors. | menlovc.com | |||
Early-stage investments are targeted by Azure Capital Partners. | 2000 | azurecap.com | San Francisco, United States | |
Technology investing and private equity firm focused on partnerships. | silverlake.com | |||
Early-stage investments are made in US companies across key sectors. | kineticventures.com | Atlanta, United States | ||
Cybersecurity investments are made in US seed-to-growth stage firms. | allegiscyber.com | Palo Alto, United States | ||
DAS storage devices are supplied for enterprise and client applications. | 1979 | seagate.com | Scotts Valley, United States | |
Limited information is available on SouthSuite's core activities and operations. | 2014 | southsuite.com | Athens, United States |
Investor details for Coraid
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Investments & Acquisitions by Coraid
Coraid has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Yunteq.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Cloud orchestration services are provided for enterprise cloud management. | yunteq.com | San Mateo, United States | 2009 | Oct 2011 | •••• |
Complete acquisition details for Coraid
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Timeline of Coraid
5 dated milestones of Coraid across 16 years, from founding to its latest funding, stage changes and deals.
- Founded Coraid is founded.
- Funding First funding round of $10.0M.
- Acquisition Acquires Yunteq.
- Funding Latest funding round, Series C, of $14.3M.
- Exit Acquired by SouthSuite.
Competitors of Coraid
Coraid has 3 listed competitors in our database, 3 of them funded. They include DDN, Chelsio and Sanera.
| 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. | |
| chelsio.com | 1997 | Sunnyvale, United States | $79M | 24 | Networking solutions for storage solutions | |
| sanera.net | 2000 | Sunnyvale, United States | $73.3M | Enterprise SAN switches are provided for storage networking solutions. |
Detailed competitors of Coraid
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of Coraid
Websites that share an audience with Coraid (coraid.com).
Websites whose visitors overlap most with Coraid. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| netapp.com | 100% | 1.4M | #31,429 | View details | |
hds.com | hds.com | 97% | #2,504,862 | – | |
| tintri.com | 87% | 6.1K | #2,136,326 | View details | |
| bloorresearch.com | 56% | 6.1K | #3,380,395 | View details | |
| nexenta.com | 55% | 2.1K | #7,871,559 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 10 similar websites and full traffic analytics for Coraid
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Top companies in Enterprise Storage
3 companies that operate in the same segment as Coraid (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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Related news about Coraid
Complete news archive for Coraid
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Frequently Asked Questions about Coraid
Coraid was founded in 2000 and raised its 1st funding round 9 years after it was founded.
Coraid is headquartered in Redwood City, United States. It is registered at Redwood City, California, United States.
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 A of $10M, raised on Dec 2009.
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.
Coraid has made 1 acquisition, including Yunteq.
Coraid has 8 investors. Key investors include Seagate, Azure Capital Partners, SouthSuite, Crosslink Capital, and Menlo Ventures.
Coraid operates through Coraid, Inc.
Yes. Coraid was acquired by SouthSuite in August 2016.