About Giganet
Giganet is a company based in Worcester (United States) founded in 1994 was acquired by Emulex in December 2000.. Giganet has raised $19 million across 1 funding round from investors including Merrill Lynch, Emulex and H&Q Asia Pacific. Giganet operates in a competitive market with competitors including DDN, Coraid, Chelsio, Incipient and Active Storage, among others.
- Headquarter Worcester, United States
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Sectors
Technology
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$19 M (USD)
in 1 rounds
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Latest Funding Round
$19 M (USD), Series B
Dec 01, 1999
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Investors
Merrill Lynch
& 3 more
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Employee Count
Employee Count
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Acquired by
Emulex
(Dec 07, 2000)
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Funding Insights of Giganet
Giganet has successfully raised a total of $19M through 1 strategic funding round. The most recent funding activity was a Series B round of $19 million completed in December 1999. 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 1
- Last Round Series B — $19.0M
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First Round
First Round
(01 Dec 1999)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 1999 | Amount | Series B - Giganet | Valuation |
investors |
| 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 Giganet
Giganet has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Merrill Lynch, Emulex and H&Q Asia Pacific. 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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Buyouts are targeted via private equity by H&Q Asia Pacific.
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Founded Year | Domain | Location | |
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NTT Group backed venture capital fund
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Founded Year | Domain | Location | |
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Commercial bank
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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 Giganet
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Giganet
| 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 |
Giganet Comparisons
Competitors of Giganet
Giganet 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 DDN, Coraid, Chelsio, Incipient and Active Storage, 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.
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Ethernet-based SAN storage solutions are provided for data networks.
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Networking solutions for storage solutions
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Enterprise storage, SAN virtualization, and data migration solutions are developed.
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High-performance storage solutions are provided for content creators.
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Storage area network solutions and data systems are provided.
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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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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Latest news on Giganet
Frequently Asked Questions about Giganet
When was Giganet founded?
Giganet was founded in 1994 and raised its 1st funding round 5 years after it was founded.
Where is Giganet located?
Giganet is headquartered in Worcester, United States. It is registered at Worcester, Massachusetts, United States.
Is Giganet a funded company?
Giganet is a funded company, having raised a total of $19M across 1 funding round to date. The company's 1st funding round was a Series B of $19M, raised on Dec 01, 1999.
What does Giganet do?
Giganet was founded in 1994 in Worcester, United States, as a provider of iSCSI networking solutions. High-performance cLAN products are offered to support server-to-server communications in mission-critical applications that demand high availability and scientific computing capabilities. Intel Architecture-based server farms are facilitated through these products. Operations are centered in the networking sector, with a focus on reliable infrastructure for data-intensive environments.
Who are Giganet's investors?
Giganet has 4 investors. Key investors include Merrill Lynch, Emulex, H&Q Asia Pacific, and Ntt Docomo Ventures.