About Rocket Network
Rocket Network is a Media & Entertainment company based in San Francisco (United States) founded in 1994, and was acquired by Avid Technology in April 2003. Audio professionals are enabled to collaborate online for music production. Rocket Network has raised $34.6 million across 4 funding rounds from investors including Avid Technology, Cisco Investments and Impress Holdings. Its focus areas include Consumer, Music Tech, Music Artist IT and Music Creation. Its competitors include Splice, Boombox and Vampr; 3 of its 3 listed competitors have raised funding.
Company details
Rocket Network was founded in 1994 in San Francisco, United States, within the audio collaboration sector. An online platform is operated to facilitate music production among audio professionals. The Internet Recording Studio serves as a virtual workplace for project meetings and collaboration. Studio centers are provided to partners and resellers, allowing custom-branded studios to be offered to existing audio communities.
- Headquarters San Francisco, United States
- Stage Acquired
- SectorsMedia & Entertainment
- Website rocketnetwork.com
- Acquired by Avid Technology (Apr 2003)
- Total Equity Funding$34.6M (USD)
in 4 rounds
- InvestorsAvid Technology
& 4 more
- Acquired byAvid Technology
(Apr 2003)
Funding Insights of Rocket Network
Rocket Network has successfully raised a total of $34.6M 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 $34.6M
- Total Rounds 4
- First Round $15M
(Mar 2000)
- Investors Count 5
All 4 funding rounds of Rocket Network 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 |
|---|---|---|---|---|---|
| Sep 2001 | Series D | – | – | ||
| Jun 2001 | $10.3M | Series D | – | – | – |
| May 2001 | $9.3M | Series C | – | – | |
| Mar 2000 | $15M | Series B | – | – |
5 investors in total: 5 institutional.
Investors in Rocket Network
Rocket Network has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Avid Technology, Cisco Investments and Impress Holdings.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Growth-stage companies are targeted for private equity investments. | westonpresidio.com | Boston, United States | ||
Private equity investments are backed by a single-family office firm. | capital.vulcan.com | Seattle, United States | ||
Technology investments and expertise in networking, cloud, and security services. | 2003 | ciscoinvestments.com | San Jose, United States | |
Multiple industries are operated by the diversified conglomerate. | 1992 | impressholdings.com | Chiyoda City, Japan | |
Software is provided for managing, distributing, and monetizing media content. | 1987 | avid.com | Burlington, United States |
Investor details for Rocket Network
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 Rocket Network
4 dated milestones of Rocket Network across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Rocket Network is founded.
- Funding First funding round of $15.0M.
- Funding Latest funding round, Series D,.
- Exit Acquired by Avid Technology.
Competitors of Rocket Network
Rocket Network has 3 listed competitors in our database, 3 of them funded. They include Splice, Boombox and Vampr.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| splice.com | 2013 | New York, United States | $164.5M | 181 | Music creation and collaboration are enabled through an online platform. | |
| boombox.io | 2021 | San Francisco, United States | $7M | Cloud-based music collaboration and file management solutions are provided. | ||
| vampr.me | 2015 | Henderson, United States | $1.44M | Music collaboration is enabled via an app-based platform for users. |
Detailed competitors of Rocket Network
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 Music Tech
3 companies that operate in the same segment as Rocket Network (Music Tech) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI-generated music and lyrics are created on an online platform. | 2021 | Cambridge, Massachusetts, United States | USD 775 M | 497 | ||
Broadcast radio channels are aggregated and streamed through subscriptions. | 2002 | San Francisco, California, United States | USD 98.35 M | |||
Decentralized audio distribution is enabled for creators via blockchain technology. | 2018 | San Francisco, California, United States | USD 16.1 M | 44 |
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Frequently Asked Questions about Rocket Network
Rocket Network was founded in 1994 and raised its 1st funding round 6 years after it was founded.
Rocket Network is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Rocket Network is a funded company, having raised a total of $34.6M across 4 funding rounds to date. The company's 1st funding round was a Series B of $15M, raised on Mar 2000.
Rocket Network was founded in 1994 in San Francisco, United States, within the audio collaboration sector. An online platform is operated to facilitate music production among audio professionals. The Internet Recording Studio serves as a virtual workplace for project meetings and collaboration. Studio centers are provided to partners and resellers, allowing custom-branded studios to be offered to existing audio communities.
Rocket Network has 5 investors. Key investors include Avid Technology, Cisco Investments, Impress Holdings, Weston Presidio, and Vulcan Capital.
Yes. Rocket Network was acquired by Avid Technology in April 2003.