EVault

Boston, United States Founded: 1997 • Age: 29 yrs Acquired By Carbonite
Cloud data back up , disaster recovery and HPC storage.
Annual revenue - Latest available
Total funding $14.5M 2 rounds
Employees 343 Tracked headcount
Investors 5 Known backers
Products - Services tracked
Competitors 10 Brand Intelligence

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
  • Sectors
    Technology
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
  • Legal Name Evault, A Seagate Company
Operational Areas
Technology → Semiconductors, Electronics & Hardware Unlock Sub-Sector Unlock Segment
Technology → Enterprise IT Services & Distribution Unlock Sub-Sector Unlock Segment
Technology → Enterprise Software & Productivity Solutions Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $14.5 M (USD)

    in 2 rounds

  • Latest Funding Round
    $6 M (USD), Series C

    Mar 03, 2003

  • Investors
    Carbonite

    & 4 more

  • Employee Count
    343

    as on Dec 31, 2022

  • Acquired by
    Carbonite

    (Dec 16, 2015)

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People of EVault

Headcount 500-1000
Employee Profiles 19
Employee Profiles
People
Brian Sweeney
EVP & Chief Human Resources Officer
People
Muhi Majzoub
EVP & Chief Product Officer
People
James McGourlay
EVP, International Sales
People
Renee McKenzie
EVP, IT, Chief Information Officer

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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.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
-
Locked Locked Locked
-
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Council Capital is focused on healthcare investment and support.
Locked Locked Locked
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Investor details for EVault

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  • Investor domains
  • Investor locations
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  • Participation history

Verified entity values are shown only after access is granted.

Investments & Acquisitions by EVault

Investments
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Investment portfolio details for EVault

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  • Portfolio identities
  • Transaction dates
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Financial Statements - EVault

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Detailed financials for EVault

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  • Profit trends
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Evault Comparisons

EVault Primary company
Description
Cloud data back up , disaster recovery and HPC storage.
Location
Boston, United States
Founded Year
1997
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
343
As of 2022
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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.

Company Name Domain Founded year HQ Location Description
Locked Locked Locked
AI-based platform for secure collaboration and content management is utilized.
Locked Locked Locked
Cloud-based enterprise management solutions including backup and recovery are provided.
Locked Locked Locked
Converged data management solutions are provided for backup and recovery.
Locked Locked Locked
IT backup and recovery solutions are provided via cloud platform.
Locked Locked Locked
Cloud-based file sharing and collaboration tools are offered for enterprises.
Locked Locked Locked
Cloud-based file sharing and file transfer application
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Detailed competitors of EVault

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Latest news on Evault

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Complete news archive for EVault

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  • Source and publication date
  • Older coverage
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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's top competitors include Box, Acronis and Rubrik.

EVault has 5 investors. Key investors include Carbonite, River Cities Capital, Massey Burch Capital, Bestcapital.ca, and Council Capital.

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