About StorMagic
StorMagic is a company based in Bristol (United Kingdom) founded in 2006.. The company has 45 employees as of March 31, 2019. StorMagic has completed 1 acquisition, including KeyNexus. StorMagic operates in a competitive market with competitors including DataCore, Atlantis Computing, Cloudistics, Seanodes and PAC Storage, among others.
- Headquarter Bristol, United Kingdom
- Employees 45 as on 31 Mar, 2019
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Stormagic Limited
- Date of Incorporation 13 Feb, 2006
- Jurisdiction BRISTOL, ENGLAND
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Annual Revenue
$8.03 M (USD)15as on Mar 31, 2021
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Net Profit
$-3.09 M (USD)-151as on Mar 31, 2021
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EBITDA
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Latest Funding Round
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Investors
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Employee Count
45
as on Mar 31, 2019
- Investments & Acquisitions
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Funding Insights of StorMagic
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Seed - StorMagic | Valuation |
investors |
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| 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 |
Investments & Acquisitions by StorMagic
StorMagic has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include KeyNexus. 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 |
|---|---|---|---|---|---|
|
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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Cloud-based encryption key management solution for cloud apps
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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.
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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.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - StorMagic
| 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 |
Stormagic Comparisons
Competitors of StorMagic
StorMagic 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 DataCore, Atlantis Computing, Cloudistics, Seanodes and PAC Storage, 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 |
Software-defined storage and virtualization solutions are provided by DataCore.
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| domain | founded_year | HQ Location |
Cloud-based enterprise virtual SAN software provider
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| domain | founded_year | HQ Location |
SAN storage acceleration is provided via flash appliances.
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| domain | founded_year | HQ Location |
Provides virtual SAN solutions for efficient data management.
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| domain | founded_year | HQ Location |
Enterprise data storage systems and hybrid cloud solutions are provided.
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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 Stormagic
Frequently Asked Questions about StorMagic
When was StorMagic founded?
StorMagic was founded in 2006 and raised its 1st funding round 18 years after it was founded.
Where is StorMagic located?
StorMagic is headquartered in Bristol, United Kingdom. It is registered at Bristol, England, United Kingdom.
How many employees does StorMagic have?
As of Mar 31, 2019, the latest employee count at StorMagic is 45.
What is the annual revenue of StorMagic?
Annual revenue of StorMagic is $8.03M as on Mar 31, 2021.
What does StorMagic do?
StorMagic was founded in 2006 in Bristol, United Kingdom, and operates in the software-defined storage sector. Its core product, SvSAN, is deployed on two or more servers to enable synchronous storage mirroring across sites. Single points of failure are eliminated through this approach, while deployment and configuration are managed across distributed environments. Downtime is reduced as a result, supporting reliable data operations for enterprises.
Who are the top competitors of StorMagic?
StorMagic's top competitors include DataCore, PAC Storage and Cloudistics.
How many acquisitions has StorMagic made?
StorMagic has made 1 acquisition, including KeyNexus.