About Rackspace Technology
Rackspace Technology is a company based in San Antonio (United States) founded in 1998 was acquired by Apollo Global Management in August 2016. It operates as a Managed Services, Professional Services, and AI-as-a-Service. Rackspace Technology has raised $17.8 million across 4 funding rounds from investors including Red Hat, Apollo Global Management and Norwest Venture Partners. The company has 5,100 employees as of December 31, 2024. Rackspace Technology has completed 15 acquisitions, including Anso Labs, Cloudkick and Datapipe. Rackspace Technology offers products and services including Cloud Adoption and Migration, Rackspace Elastic Engineering, Foundry for AI by Rackspace (FAIR™), Cyber Recovery Services, and Data Modernization. Rackspace Technology operates in a competitive market with competitors including 2nd Watch, Crayon, Megazone Cloud, All Cloud and Ukcloud, among others.
- Headquarter San Antonio, United States
- Employees 5100 as on 31 Dec, 2024
- Stage Public
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Rackspace Technology, Inc.
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Annual Revenue
$2.74 B-7.44as on Dec 31, 2024
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Net Profit
$-858.2 M-2.43as on Dec 31, 2024
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EBITDA
$247.3 M-18.78as on Dec 31, 2024
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Total Equity Funding
$17.8 M (USD)
in 4 rounds
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Latest Funding Round
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Investors
Red Hat
& 4 more
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Employee Count
5100
as on Dec 31, 2024
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Investments & Acquisitions
Anso Labs
& 14 more
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Acquired by
Apollo Global Management
(Aug 26, 2016)
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IPO & Listings of Rackspace Technology
Rackspace Technology is a publicly listed company on the NASDAQ with ticker symbol RXT in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Rackspace Technology
Rackspace Technology offers a comprehensive portfolio of products and services, including Cloud Adoption and Migration, Rackspace Elastic Engineering, Foundry for AI by Rackspace (FAIR™), Cyber Recovery Services, and Data Modernization. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Customized cloud migrations are provided with automation focus.
Continuous management of cloud environments is expertly offered.
Responsible AI solutions are accelerated across various industries.
Cyber resilience is strengthened with recovery-as-code solutions.
Data architecture is streamlined across modern cloud platforms.
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Software Development Team
109 people
Senior Team
38 people
Leadership Team
30 people
Customer Team
29 people
Sales and Marketing
28 people
Data Analysis and Operations Team
23 people
Finance and Accounting
21 people
Professional Team
16 people
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Funding Insights of Rackspace Technology
Rackspace Technology has successfully raised a total of $17.8M across 4 strategic funding rounds. 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 Last Round
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First Round
First Round
(10 Jan 2000)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2016 | Amount | Post-IPO - Rackspace Technology | Valuation |
investors |
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| Nov, 2015 | Amount | Debt – Conventional - Rackspace Technology | Valuation |
investors |
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| Apr, 2000 | Amount | Series B - Rackspace Technology | 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 Rackspace Technology
Rackspace Technology has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Red Hat, Apollo Global Management and Norwest Venture Partners. 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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Private equity firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors.
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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
|
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 Rackspace Technology
Rackspace Technology has strategically engaged in corporate development activities, having acquired 15 companies. Notable acquisitions include Anso Labs, Cloudkick and Datapipe. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Business strategy and financial management services are provided.
|
2013 | ||||
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End-to-end marketing services for Salesforce platform are delivered.
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2013 | ||||
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Cloud-based MongoDB and Redis database services are hosted.
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Rackspace Technology
| 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 |
Rackspace Technology Comparisons
Competitors of Rackspace Technology
Rackspace Technology 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 2nd Watch, Crayon, Megazone Cloud, All Cloud and Ukcloud, 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 |
Public cloud workload management tools and services are provided.
|
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| domain | founded_year | HQ Location |
Crayon is involved in unspecified business activities.
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| domain | founded_year | HQ Location |
AWS cloud services are provided, including consulting, deployment, and management.
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| domain | founded_year | HQ Location |
Services for the development and support of cloud-based applications
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| domain | founded_year | HQ Location |
Cloud services in PaaS, SaaS, and IaaS are provided.
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| domain | founded_year | HQ Location |
Cloud-based virtual classroom platform for enterprises
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Latest news on Rackspace Technology
Frequently Asked Questions about Rackspace Technology
When was Rackspace Technology founded?
Rackspace Technology was founded in 1998 and raised its 1st funding round 2 years after it was founded.
Where is Rackspace Technology located?
Rackspace Technology is headquartered in San Antonio, United States. It is registered at San Antonio, Texas, United States.
Is Rackspace Technology a funded company?
Rackspace Technology is a funded company, having raised a total of $17.8M across 4 funding rounds to date. The company's 1st funding round was a Series B of $11.5M, raised on Jan 10, 2000.
How many employees does Rackspace Technology have?
As of Dec 31, 2024, the latest employee count at Rackspace Technology is 5,100.
What is the annual revenue of Rackspace Technology?
Annual revenue of Rackspace Technology is $2.74B as on Dec 31, 2024.
What does Rackspace Technology do?
Rackspace Technology is established as a leader in providing multicloud solutions, AI adoption, and cybersecurity services. The company is focused on cloud adoption, migration, and optimization across public, private, and hybrid cloud environments. Solutions are offered for application modernization, data management, and AI-driven insights through platforms like Foundry for AI by Rackspace (FAIR). Services are extended to various industries including healthcare, financial services, and government. Managed and professional services are delivered with a commitment to operational excellence and customer experience, branded as Fanatical Experience. The companys expertise is leveraged to secure mission-critical workloads and drive digital transformation for global clients.
Who are the top competitors of Rackspace Technology?
Rackspace Technology's top competitors include Crayon, Megazone Cloud and All Cloud.
What products or services does Rackspace Technology offer?
Rackspace Technology offers Cloud Adoption and Migration, Rackspace Elastic Engineering, Foundry for AI by Rackspace (FAIR™), Cyber Recovery Services, and Data Modernization.
Is Rackspace Technology publicly traded?
Yes, Rackspace Technology is publicly traded on NASDAQ under the ticker symbol RXT.
How many acquisitions has Rackspace Technology made?
Who are Rackspace Technology's investors?
Rackspace Technology has 5 investors. Key investors include Red Hat, Apollo Global Management, Norwest Venture Partners, Searchlight Capital, and Sequoia Capital.
What is Rackspace Technology's ticker symbol?
The ticker symbol of Rackspace Technology is RXT on NASDAQ.
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