About StoreAge
StoreAge is a company based in Haifa (Israel) founded in 1999 was acquired by LSI in October 2006. It operates as a B2B. StoreAge has raised $39 million across 2 funding rounds from investors including Cisco Investments, Broadcom and Morgan Keegan. StoreAge operates in a competitive market with competitors including DDN, Coraid, Chelsio, Incipient and Active Storage, among others.
- Headquarter Haifa, Israel
- SectorsTechnology
- Website storeage.com
- Acquired by LSI (Oct 2006)
- Total Equity Funding$39M (USD)
in 2 rounds
- Latest Funding Round$25M (USD), Series B
Jan 2001
- InvestorsCisco Investments
& 3 more
- Acquired byLSI
(Oct 2006)
Funding Insights of StoreAge
StoreAge has successfully raised a total of $39M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $25 million completed in January 2001. 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 $39M
- Total Rounds 2
- Last Round Series B — $25M
- First Round $14M
(Dec 2000)
- Investors Count 3
All 2 funding rounds of StoreAge 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 |
|---|---|---|---|---|---|
| Jan 2001 | $25M | Series B | – | – | |
| Dec 2000 | $14M | Series A | – | – | – |
4 investors in total: 4 institutional.
Investors in StoreAge
StoreAge has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Cisco Investments, Broadcom and Morgan Keegan.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early stage VC Firm investing in Israel and the US | – | genesispartners.com | Herzliya, Israel | |
Technology investments and expertise in networking, cloud, and security services. | 2003 | ciscoinvestments.com | San Jose, United States | |
- | – | morgankeegan.com | - | |
Broadcom Inc. is engaged in providing connectivity solutions. | 1980 | lsi.com | Milpitas, United States |
Investor details for StoreAge
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 StoreAge
4 dated milestones of StoreAge across 7 years, from founding to its latest funding, stage changes and deals.
- Founded StoreAge is founded.
- Funding First funding round of $14.0M.
- Funding Latest funding round, Series B, of $25.0M.
- Exit Acquired by LSI.
Competitors of StoreAge
StoreAge 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 DDN, Coraid, Chelsio, Incipient and Active Storage, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ddn.com | 1998 | Chatsworth, United States | $309.9M | 456 | Big data and HPC storage appliances are provided for businesses. | |
| coraid.com | 2000 | Redwood, United States | $99.89M | – | Ethernet-based SAN storage solutions are provided for data networks. | |
| chelsio.com | 1997 | Sunnyvale, United States | $79M | 24 | Networking solutions for storage solutions | |
| incipient.com | 2001 | Waltham, United States | $84.6M | – | Enterprise storage, SAN virtualization, and data migration solutions are developed. | |
| active-storage.com | 2008 | Los Angeles, United States | – | 52 | High-performance storage solutions are provided for content creators. | |
| lefthandnetworks.com | 1999 | Boulder, United States | $50.5M | – | Storage area network solutions and data systems are provided. | |
| sanera.net | 2000 | Sunnyvale, United States | $73.3M | – | Enterprise SAN switches are provided for storage networking solutions. | |
| convergenet.com | 1997 | San Jose, United States | $27.3M | – | SAN management solutions for heterogeneous storage environments are provided. |
Detailed competitors of StoreAge
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.
Similar companies to StoreAge
10 companies that operate in the same segment as StoreAge (Enterprise Storage), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based enterprise management solutions including backup and recovery are provided. | 2003 | Singapore, Singapore | USD 658 M | – | – | |
Provider of data storage platforms and subscription services | 2009 | Mountain View, California, United States | USD 528.51 M | USD 3.17 B | 6,000 | |
Converged data management solutions are provided for backup and recovery. | 2014 | Palo Alto, California, United States | USD 553 M | USD 1.32 B | 3,200 | |
IT backup and recovery solutions are provided via cloud platform. | 2006 | Columbus, Ohio, United States | USD 1.04 B | – | – | |
Cloud-based file sharing and collaboration tools are offered for enterprises. | 2007 | San Francisco, California, United States | USD 607.2 M | USD 2.52 B | 2,200 | |
Cloud-based continuity management software is offered for business protection. | 2007 | Norwalk, United States | USD 100 M | – | – | |
Enterprise cloud storage management software is provided for various workloads. | 2012 | Seattle, Washington, United States | USD 345.5 M | – | – | |
AI-powered cloud management software is delivered for enterprises. | 2009 | San Jose, California, United States | USD 317.2 M | USD 2.85 B | – | |
Dell is recognized for providing computers and technology solutions. | 1984 | Round Rock, Texas, United States | – | USD 113.72 B | 108,000 | |
Cloud-based enterprise file storage solutions are unified and delivered globally. | 2009 | Natick, Massachusetts, United States | USD 218.68 M | – | – |
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Frequently Asked Questions about StoreAge
StoreAge was founded in 1999 and raised its 1st funding round 1 year after it was founded.
StoreAge is headquartered in Haifa, Israel. It is registered at Haifa, Haifa District, Israel.
StoreAge is a funded company, having raised a total of $39M across 2 funding rounds to date. The company's 1st funding round was a Series A of $14M, raised on Dec 2000.
StoreAge, established in 1999, excels in leveraging cutting-edge technology, providing IT services, storage management, and split-path solutions. Delivers a split-path storage management solution. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide. It continues to evolve, meeting industry challenges with strategic approaches.
StoreAge has 4 investors. Key investors include Cisco Investments, Broadcom, Morgan Keegan, and Genesis Partners.
Yes. StoreAge was acquired by LSI in October 2006.