About ProStor Systems
ProStor Systems is a company based in Boulder (United States) founded in 2004 was acquired by Imation in August 2011.. ProStor Systems has raised $30.4 million across 4 funding rounds from investors including Western Technology Investment, Imation and Sutter Hill Ventures. ProStor Systems operates in a competitive market with competitors including Acronis, Veeam, Rubrik, Cohesity and AvePoint, among others.
- Headquarter Boulder, United States
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Prostor Systems Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$30.4 M (USD)
in 4 rounds
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Latest Funding Round
$5.5 M (USD), Series C
Jun 25, 2010
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Investors
Western Technology Investment
& 4 more
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Employee Count
Employee Count
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Acquired by
Imation
(Aug 29, 2011)
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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 Total Funding
- Total Rounds 4
- Last Round Series C — $5.5M
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First Round
First Round
(02 Nov 2005)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2010 | Amount | Series C - ProStor Systems | Valuation |
investors |
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| Dec, 2008 | Amount | Series B - ProStor Systems | Valuation |
investors |
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| Jun, 2006 | Amount | Series B - ProStor Systems | 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 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. 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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VC firm investing in the US
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Founded Year | Domain | Location | |
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Venture capital investments are offered to startups by NEA.
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Founded Year | Domain | Location | |
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Venture capital is offered by Boulder Ventures for innovative companies.
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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 ProStor Systems
| 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 - ProStor Systems
| 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 |
Prostor Systems Comparisons
Competitors of ProStor Systems
ProStor Systems 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 Acronis, Veeam, Rubrik, Cohesity and AvePoint, 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.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based enterprise management solutions including backup and recovery are provided.
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| domain | founded_year | HQ Location |
IT backup and recovery solutions are provided via cloud platform.
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| domain | founded_year | HQ Location |
Converged data management solutions are provided for backup and recovery.
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| domain | founded_year | HQ Location |
Cloud and AI based enterprise data backup and management solutions
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| domain | founded_year | HQ Location |
Cloud based platform offering data backup and recovery solutions
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| domain | founded_year | HQ Location |
Cloud-based environments are delivered for application development and testing.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
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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Frequently Asked Questions about ProStor Systems
When was ProStor Systems founded?
ProStor Systems was founded in 2004 and raised its 1st funding round 1 year after it was founded.
Where is ProStor Systems located?
ProStor Systems is headquartered in Boulder, United States. It is registered at Boulder, Colorado, United States.
Is ProStor Systems a funded company?
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 B of $12.2M, raised on Nov 02, 2005.
What does ProStor Systems do?
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.
Who are the top competitors of ProStor Systems?
Who are ProStor Systems's investors?
ProStor Systems has 5 investors. Key investors include Western Technology Investment, Imation, Sutter Hill Ventures, NEA, and Boulder Ventures.
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