About EVault
EVault is a Technology company based in Boston (United States) founded in 1997 by Michael Madan, and was acquired by Carbonite in December 2015. Cloud data back up , disaster recovery and HPC storage. EVault has raised $14.5 million across 2 funding rounds from investors including Carbonite, River Cities Capital and Massey Burch Capital. The company has 343 employees. Its chief executive, as recorded, is Michael Madan. Its focus areas include Enterprise Applications, Enterprise Collaboration, EFSS and Enterprise Infrastructure. Its legal entity is EVAULT, A SEAGATE COMPANY. Its competitors include Box, Rubrik and Veeam; 3 of its 3 listed competitors have raised funding.
Company details
EVault was founded in 1997 in Boston, United States, within the data storage and cloud infrastructure sector. Intelligent infrastructure is provided for enterprises, encompassing high-performance computing storage and scale-out systems for object storage. Hybrid cloud solutions include backup and restore, disaster recovery, and active archive capabilities. Modularity and flexibility are extended to OEMs for private-label storage systems. Products are delivered as disk-based software, appliances, and SaaS.
- Headquarters Boston, United States
- Employees 343
- Founders Michael Madan
- Stage Acquired
- SectorsTechnology
- Website category Computers Electronics and Technology · Computer Security
- Website evault.com
- Social LinkedIn X Facebook
- Acquired by Carbonite (Dec 2015)
- Legal Name Evault, A Seagate Company
Funding Insights of EVault
EVault has successfully raised a total of $14.5M across 2 strategic funding rounds. The most recent funding activity was a Series C round of $6 million completed in March 2003. 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 $14.5M
- Total Rounds 2
- Last Round Series C — $6M
- First Round $8.5M
(Aug 2001)
- Investors Count 4
All 2 funding rounds of EVault 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 |
|---|---|---|---|---|---|
| Mar 2003 | $6M | Series C | – | River Cities Capital, Massey Burch Capital | – |
| Aug 2001 | $8.5M | Series B | – | Bestcapital.ca, Massey Burch Capital | – |
5 investors in total: 5 institutional.
Investors in EVault
EVault has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Carbonite, River Cities Capital and Massey Burch Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| rccf.com | ||||
| masseyburch.com | ||||
Council Capital is focused on healthcare investment and support. | 2000 | councilcapital.com | Nashville, United States | |
| bestcapital.ca | ||||
Cloud and hybrid backup solutions are offered for small businesses. | 2005 | carbonite.com | Boston, United States |
Investor details for EVault
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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Verified entity values are shown only after access is granted.
People of EVault
20 people are tracked at EVault (12 in leadership, 8 in team); the tracked headcount is 343.
| Name | Role | Group |
|---|---|---|
Michael Madan | Founder & CEO | Leadership |
Brian Sweeney | EVP & Chief Human Resources Officer | Leadership |
Muhi Majzoub | EVP & Chief Product Officer | Leadership |
Renee McKenzie | EVP, IT, Chief Information Officer | Leadership |
Sandy Ono | EVP, Chief Marketing Officer | Leadership |
Madhu Ranganathan | EVP & Chief Financial Officer | Leadership |
Mark J. Barrenechea | Vice Chair, CEO & CTO | Leadership |
Paul Duggan | EVP & Chief Customer Officer | Leadership |
Michael F. Acedo | EVP, Chief Legal Officer & Corporate Secretary | Leadership |
Shannon Bell | EVP & Chief Digital Officer | Leadership |
Todd Cione | President, Worldwide Sales | Leadership |
Miles Elbert | Director, Brand And Creative Services | Leadership |
Gerry Lacy | Accounts Receivable Specialist | Team |
James McGourlay | EVP, International Sales | Team |
Douglas M. Parker | EVP, Corporate Development | Team |
Paul Rodgers | EVP, Sales Operations | Team |
Peggy Butler | Regional Sales Manager | Team |
Val Hristov | Evault Professional Services | Team |
Tony Kong | SVP, Corporate Strategy | Team |
Simon Ted Harrison | EVP, Enterprise Sales | Team |
Complete people profiles for EVault
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of EVault
4 dated milestones of EVault across 18 years, from founding to its latest funding, stage changes and deals.
- Founded EVault is founded.
- Funding First funding round of $8.5M.
- Funding Latest funding round, Series C, of $6.0M.
- Exit Acquired by Carbonite.
Competitors of EVault
EVault has 3 listed competitors in our database, 3 of them funded. They include Box, Rubrik and Veeam.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| box.com | 2005 | Redwood, United States | $692.63M | AI-based platform for secure collaboration and content management is utilized. | ||
| rubrik.com | 2014 | Palo Alto, United States | $553M | 1,715 | Converged data management solutions are provided for backup and recovery. | |
| veeam.com | 2006 | Columbus, United States | $644.58M | 109 | IT backup and recovery solutions are provided via cloud platform. |
Detailed competitors of EVault
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of EVault
The website of EVault (evault.com) receives about 3.1K visits a month and ranks #4,669,366 among all websites worldwide, #7,871 in Computer Security.
- Monthly visits3.1K
▲ 2.5% vs previous month
- Unique visitors1.2K
per month
- Global rank#4,669,366
among all websites
- Category rank#7,871
Computers Electronics and Technology · Computer Security
- Bounce rate35%
- Pages per visit2.7
- Average visit2 min 03 sec
- DevicesDesktop 40% · Mobile 60%
Websites whose visitors overlap most with EVault. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| carbonite.com | 100% | 583.6K | #69,303 | View details | |
| intronis.com | 83% | View details | |||
| asigra.com | 80% | 2.8K | #6,772,945 | View details | |
affiliate.acronis.com | affiliate.acronis.com | 77% | – | ||
mozypro.com | mozypro.com | 76% | – | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 24 similar websites and full traffic analytics for EVault
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 24 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Enterprise Storage
3 companies that operate in the same segment as EVault (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 Evault
Complete news archive for EVault
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Frequently Asked Questions about EVault
EVault was founded in 1997 and raised its 1st funding round 4 years after it was founded.
EVault is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Michael Madan is the CEO of EVault, as recorded in our data. They have also founded this company.
EVault is a funded company, having raised a total of $14.5M across 2 funding rounds to date. The company's 1st funding round was a Series B of $8.5M, raised on Aug 2001.
EVault has 343 employees.
EVault was founded in 1997 in Boston, United States, within the data storage and cloud infrastructure sector. Intelligent infrastructure is provided for enterprises, encompassing high-performance computing storage and scale-out systems for object storage. Hybrid cloud solutions include backup and restore, disaster recovery, and active archive capabilities. Modularity and flexibility are extended to OEMs for private-label storage systems. Products are delivered as disk-based software, appliances, and SaaS.
EVault has 5 investors. Key investors include Carbonite, River Cities Capital, Massey Burch Capital, Bestcapital.ca, and Council Capital.
EVault operates through Evault, A Seagate Company.
Yes. EVault was acquired by Carbonite in December 2015.