About ProStor Systems
ProStor Systems is a Technology company based in Boulder (United States) founded in 2004, and was acquired by Imation in August 2011. Removable disk storage systems for enterprises. ProStor Systems has raised $30.4 million across 4 funding rounds from investors including Western Technology Investment, Imation and Sutter Hill Ventures. The company was acqui-hired. Its focus areas include Enterprise Infrastructure, IT Operations, ITSM and Continuity Management. Its legal entity is ProStor Systems Inc. Its competitors include Veeam, Rubrik and Cohesity; 3 of its 3 listed competitors have raised funding.
Company details
Prostore is a provider of leading solutions for cost-effective and long-term storage solutions. Its solutions include removable disk storage systems for backup, archiving and retention under the brand of RDX. Other product InfiniVault provides intelligent and compliant archive solutions that allows companies to manage fixed digital assets, including videos, images, documents and other types of large, static data files. The RDX technology has been sold to Tandberg Data and Infinivault has been acquired by Imation Corporation.
- Headquarters Boulder, United States
- Stage Acquired
- SectorsTechnology
- Website prostorsystems.com
- Social LinkedIn
- Acquired by Imation (Aug 2011)
- Legal Name Prostor Systems Inc
- Total Equity Funding$30.4M (USD)
in 4 rounds
- Latest Funding Round$5.5M (USD), Series C
Jun 2010
- InvestorsWestern Technology Investment
& 4 more
- Acquired byImation
(Aug 2011)
Funding Insights of ProStor Systems
ProStor Systems has successfully raised a total of $30.4M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $5.5 million completed in June 2010. 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 $30.4M
- Total Rounds 4
- Last Round Series C — $5.5M
- First Round $8.7M
(Nov 2005)
- Investors Count 4
All 4 funding rounds of ProStor Systems 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 |
|---|---|---|---|---|---|
| Jun 2010 | $5.5M | Series C | – | – | – |
| Dec 2008 | $4M | Series B | – | – | – |
| Jun 2006 | $12.2M | Series B | – | – | |
| Nov 2005 | $8.7M | Series A | – | – |
5 investors in total: 5 institutional.
Investors in ProStor Systems
ProStor Systems has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Western Technology Investment, Imation and Sutter Hill Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
VC firm investing in the US | shv.com | Palo Alto, United States | ||
Venture capital investments are offered to startups by NEA. | nea.com | Menlo Park, United States | ||
Venture capital is offered by Boulder Ventures for innovative companies. | boulderventures.com | Boulder, United States | ||
Venture debt is provided globally across multiple sectors. | 1980 | westerntech.com | Portola Valley, United States | |
Data storage products are supplied for backup and archiving purposes. | 1996 | imation.com | Seoul, South Korea |
Investor details for ProStor Systems
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of ProStor Systems
4 dated milestones of ProStor Systems across 7 years, from founding to its latest funding, stage changes and deals.
- Founded ProStor Systems is founded.
- Funding First funding round of $8.7M.
- Funding Latest funding round, Series C, of $5.5M.
- Exit Acquired by Imation.
Competitors of ProStor Systems
ProStor Systems has 3 listed competitors in our database, 3 of them funded. They include Veeam, Rubrik and Cohesity.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| veeam.com | 2006 | Columbus, United States | $644.58M | 109 | IT backup and recovery solutions are provided via cloud platform. | |
| rubrik.com | 2014 | Palo Alto, United States | $553M | 1,715 | Converged data management solutions are provided for backup and recovery. | |
| cohesity.com | 2013 | San Jose, United States | $810M | Cloud and AI based enterprise data backup and management solutions |
Detailed competitors of ProStor Systems
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
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 ProStor Systems (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 ProStor Systems
ProStor Systems was founded in 2004 and raised its 1st funding round 1 year after it was founded.
ProStor Systems is headquartered in Boulder, United States. It is registered at Boulder, Colorado, United States.
ProStor Systems is a funded company, having raised a total of $30.4M across 4 funding rounds to date. The company's 1st funding round was a Series A of $8.7M, raised on Nov 2005.
Prostore is a provider of leading solutions for cost-effective and long-term storage solutions. Its solutions include removable disk storage systems for backup, archiving and retention under the brand of RDX. Other product InfiniVault provides intelligent and compliant archive solutions that allows companies to manage fixed digital assets, including videos, images, documents and other types of large, static data files. The RDX technology has been sold to Tandberg Data and Infinivault has been acquired by Imation Corporation.
ProStor Systems has 5 investors. Key investors include Western Technology Investment, Imation, Sutter Hill Ventures, NEA, and Boulder Ventures.
ProStor Systems operates through Prostor Systems Inc.
Yes. ProStor Systems was acquired by Imation in August 2011.