About EVault
EVault is a company based in Boston (United States) founded in 1997 by Michael Madan was acquired by Carbonite in December 2015.. 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 as of December 31, 2022. EVault operates in a competitive market with competitors including Box, Acronis, Rubrik, Veeam and Dropbox, among others.
- Headquarter Boston, United States
- Employees 343 as on 31 Dec, 2022
- Founders Michael Madan
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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 Evault, A Seagate Company
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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 Total Funding
- Total Rounds 2
- Last Round Series C — $6.0M
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First Round
First Round
(09 Aug 2001)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2003 | Amount | Series C - EVault | Valuation | River Cities Capital , Massey Burch Capital |
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| Aug, 2001 | Amount | Series B - EVault | Valuation | Bestcapital.ca , Massey Burch Capital |
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| 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 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. 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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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Council Capital is focused on healthcare investment and support.
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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 EVault
| 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 - EVault
| 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 |
Evault Comparisons
Competitors of EVault
EVault 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 Box, Acronis, Rubrik, Veeam and Dropbox, 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 |
AI-based platform for secure collaboration and content management is utilized.
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| domain | founded_year | HQ Location |
Cloud-based enterprise management solutions including backup and recovery are provided.
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| domain | founded_year | HQ Location |
Converged data management solutions are provided for backup and recovery.
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| domain | founded_year | HQ Location |
IT backup and recovery solutions are provided via cloud platform.
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| domain | founded_year | HQ Location |
Cloud-based file sharing and collaboration tools are offered for enterprises.
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| domain | founded_year | HQ Location |
Cloud-based file sharing and file transfer application
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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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Frequently Asked Questions about EVault
When was EVault founded?
EVault was founded in 1997 and raised its 1st funding round 4 years after it was founded.
Where is EVault located?
EVault is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Who is the current CEO of EVault?
Michael Madan is the current CEO of EVault. They have also founded this company.
Is EVault a funded 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 09, 2001.
How many employees does EVault have?
As of Dec 31, 2022, the latest employee count at EVault is 343.
What does EVault do?
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.
Who are EVault's investors?
EVault has 5 investors. Key investors include Carbonite, River Cities Capital, Massey Burch Capital, Bestcapital.ca, and Council Capital.
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