About Permabit
Permabit is a Technology company based in Cambridge (United States) founded in 2000, and was acquired by Red Hat in July 2017. Inline deduplication and compression are utilized in Permabits storage solutions. Permabit has raised $12 million across 1 funding round from investors including Red Hat and Baker Capital. The company has 21 employees. Its focus areas include Enterprise Infrastructure, Enterprise Storage, Storage Management and IT Operations. Its competitors include Qumulo, Smarsh and Portworx; 3 of its 3 listed competitors have raised funding.
Company details
Permabit was founded in 2000 and is headquartered in Cambridge, United States. Software solutions for storage management and data reduction are offered, emphasizing inline deduplication, compression, and thin provisioning. These solutions can be deployed on-premises, in the cloud, or in hybrid setups within the technology sector. To date, 36 patents related to data reduction technologies have been obtained by the company.
- Headquarters Cambridge, United States
- Employees 21
- Stage Acquired
- SectorsTechnology
- Website permabit.com
- Social LinkedIn X
- Acquired by Red Hat (Jul 2017)
Funding Insights of Permabit
Permabit has successfully raised a total of $12M through 1 strategic funding round. The most recent funding activity was a Series C round of $12 million completed in August 2005. 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 $12M
- Total Rounds 1
- Last Round Series C — $12M
- First Round $12M
(Aug 2005)
- Investors Count 1
All 1 funding rounds of Permabit 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 |
|---|---|---|---|---|---|
| Aug 2005 | $12M | Series C | – | – |
2 investors in total: 2 institutional.
Investors in Permabit
Permabit has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Red Hat and Baker Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity firm | bakercapital.com | New York, United States | ||
OpenStack distribution and Kubernetes cluster management are facilitated across clouds. | 1993 | redhat.com | Raleigh, United States |
Investor details for Permabit
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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People of Permabit
1 people are tracked at Permabit (1 in leadership); the tracked headcount is 21.
| Name | Role | Group |
|---|---|---|
Tom Cook | CEO | Leadership |
Complete people profiles for Permabit
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- Team structure
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Timeline of Permabit
3 dated milestones of Permabit across 17 years, from founding to its latest funding, stage changes and deals.
- Founded Permabit is founded.
- Funding First funding round of $12.0M.
- Exit Acquired by Red Hat.
Competitors of Permabit
Permabit has 3 listed competitors in our database, 3 of them funded. They include Qumulo, Smarsh and Portworx.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| qumulo.com | 2012 | Seattle, United States | $345.5M | 242 | Enterprise cloud storage management software is provided for various workloads. | |
| smarsh.com | 2001 | Portland, United States | $6.68M | Compliance management solutions for financial institutions' communications are provided. | ||
| portworx.com | 2014 | Redwood, United States | $55.5M | 55 | Provider of a tool for developers and IT Ops to run containerized applications |
Detailed competitors of Permabit
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- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
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Web traffic of Permabit
Websites that share an audience with Permabit (permabit.com).
Websites whose visitors overlap most with Permabit. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| falconstor.com | 100% | 3.2K | #4,921,203 | View details | |
| pivot3.com | 95% | View details | |||
| exagrid.com | 89% | 23.8K | #1,172,290 | View details | |
resources.flexerasoftware.com | resources.flexerasoftware.com | 66% | – | ||
| ziplip.com | 66% | View details | |||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 14 similar websites and full traffic analytics for Permabit
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 14 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in IT Services & Operations
3 companies that operate in the same segment as Permabit (IT Services & Operations) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud orchestration solutions are provided for multi-cloud and device applications. | 1998 | Palo Alto, California, United States | USD 595.83 M | USD 812.05 M | 8,861 | |
A cloud-based platform for incident management software is provided. | 2009 | San Francisco, California, United States | USD 173.6 M | USD 492.55 M | 4,473 | |
Unified IT management is delivered through a cloud-based platform. | 2004 | Santa Clara, California, United States | USD 83.7 M | USD 13.28 B | 26,290 |
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Frequently Asked Questions about Permabit
Permabit was founded in 2000 and raised its 1st funding round 5 years after it was founded.
Permabit is headquartered in Cambridge, United States. It is registered at Cambridge, Massachusetts, United States.
Permabit is a funded company, having raised a total of $12M across 1 funding round to date. The company's 1st funding round was a Series C of $12M, raised on Aug 2005.
Permabit has 21 employees.
Permabit was founded in 2000 and is headquartered in Cambridge, United States. Software solutions for storage management and data reduction are offered, emphasizing inline deduplication, compression, and thin provisioning. These solutions can be deployed on-premises, in the cloud, or in hybrid setups within the technology sector. To date, 36 patents related to data reduction technologies have been obtained by the company.
Permabit has 2 investors. Key investors include Red Hat, and Baker Capital.
Yes. Permabit was acquired by Red Hat in July 2017.