About Giganet
Giganet is a Technology company based in Worcester (United States) founded in 1994, and was acquired by Emulex in December 2000. High-performance cLAN products for server-to-server communications are provided. Giganet has raised $19 million across 1 funding round from investors including Merrill Lynch, Emulex and H&Q Asia Pacific. Its focus areas include Enterprise Infrastructure, Enterprise Storage and Storage Area Network. Its competitors include DDN, Coraid and Chelsio; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Worcester, United States
- Stage Acquired
- SectorsTechnology
- Website giganet.com
- Acquired by Emulex (Dec 2000)
- Total Equity Funding$19M (USD)
in 1 rounds
- Latest Funding Round$19M (USD), Series B
Dec 1999
- InvestorsMerrill Lynch
& 3 more
- Acquired byEmulex
(Dec 2000)
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 $19M
- Total Rounds 1
- Last Round Series B — $19M
- First Round $19M
(Dec 1999)
- Investors Count 3
All 1 funding rounds of Giganet 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 |
|---|---|---|---|---|---|
| Dec 1999 | $19M | Series B | – | – |
4 investors in total: 4 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Buyouts are targeted via private equity by H&Q Asia Pacific. | hqap.com | Palo Alto, United States | ||
NTT Group backed venture capital fund | nttdocomo-v.com | Minato, Japan | ||
Commercial bank | 1990 | ml.com | New York, United States | |
Network connectivity, monitoring, and management solutions are provided. | 1978 | emulex.com | Costa Mesa, United States |
Investor details for Giganet
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Timeline of Giganet
3 dated milestones of Giganet across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Giganet is founded.
- Funding First funding round of $19.0M.
- Exit Acquired by Emulex.
Competitors of Giganet
Giganet has 3 listed competitors in our database, 3 of them funded. They include DDN, Coraid and Chelsio.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ddn.com | 1998 | Chatsworth, United States | $309.9M | 456 | Big data and HPC storage appliances are provided for businesses. | |
| coraid.com | 2000 | Redwood, United States | $99.89M | Ethernet-based SAN storage solutions are provided for data networks. | ||
| chelsio.com | 1997 | Sunnyvale, United States | $79M | 24 | Networking solutions for storage solutions |
Detailed competitors of Giganet
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Top companies in Enterprise Storage
3 companies that operate in the same segment as Giganet (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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Frequently Asked Questions about Giganet
Giganet was founded in 1994 and raised its 1st funding round 5 years after it was founded.
Giganet is headquartered in Worcester, United States. It is registered at Worcester, Massachusetts, United States.
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 1999.
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.
Giganet has 4 investors. Key investors include Merrill Lynch, Emulex, H&Q Asia Pacific, and Ntt Docomo Ventures.
Yes. Giganet was acquired by Emulex in December 2000.