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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Technology
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- Legal Name Evault, A Seagate Company
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People of EVault
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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.
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.
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Council Capital is focused on healthcare investment and support.
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Investor details for EVault
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Investments & Acquisitions by EVault
Investment portfolio details for EVault
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Financial Statements - EVault
Detailed financials for EVault
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Evault Comparisons
Peer comparison for EVault
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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.
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AI-based platform for secure collaboration and content management is utilized.
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Cloud-based enterprise management solutions including backup and recovery are provided.
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Converged data management solutions are provided for backup and recovery.
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IT backup and recovery solutions are provided via cloud platform.
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Cloud-based file sharing and collaboration tools are offered for enterprises.
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Cloud-based file sharing and file transfer application
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Detailed competitors of EVault
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Latest news on 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 current CEO of EVault. They have also founded this company.
EVault is a funded company, having raised a total of $14.5M across 2 funding rounds to date.
As of Dec 31, 2022, the latest employee count at EVault is 343.
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.