RackWare offers a cloud management platform (RackWare Management Module, RMM) that is platform- and cloud-agnostic and enables enterprises to migrate workloads, run disaster recovery and backup, scale automatically, and move workloads between physical, virtual and cloud environments. Its flagship product is used by Fortune 500 customers and brand-name clients including Blue Cross Blue Shield of CA, Coca-Cola, IBM SoftLayer, HBO, Crayola and Zebra, and the company sells through OEM partners such as CenturyLink and VMware. The company says it has moved thousands of workloads for hundreds of customers and is experiencing significant year-over-year top-line revenue growth and customer adoption. RackWare will use the new funding to accelerate product development and expand sales, marketing, partnerships and customer support. The company is led by founder and CEO Sash Sunkara and emphasizes automation and cloud intelligence to lower costs and improve availability for enterprise IT teams. RackWare offers a cloud management platform that helps enterprise IT automate migration and the shifting of workloads between private, public and hybrid clouds. Its flagship Management Module and tools let users manage deployments via an online dashboard, API, or command-line interface, and the company provides both a wizard-based automated onboarding and professional services. RackWare says its solution can deliver 40–50% cost savings compared to previous cloud setups. The company reported customer-base growth of 75% between the first half of 2013 and the first half of 2014, and named new customers including Blue Shield, IHS, ZS Associates, Vivint and WhiteWave. RackWare plans to use new funding to launch version 3.0 of its Management Module and to expand its presence outside the U.S. The recent financing brings the company’s total funding to $7 million. RackWare, based in Santa Clara, California and Wayne, Pennsylvania, offers RMM 2.0 software that enables users to build and leverage public, private or hybrid clouds without requiring application or operational changes. The company also sells three supporting solutions: RackWare Automated Parking, Scaling and Bursting, RackWare Client On-Boarding and RackWare Disaster Recovery in the Cloud. Led by CEO Sash Sunkara, RackWare focuses on enabling cloud deployment and portability across environments. The company raised funding to support growth and intends to use the proceeds to expand its sales and marketing efforts. The article does not disclose operating metrics beyond the recent financing.

Total raised

$15M

Funding rounds

3

Latest round

Series B

Latest activity

Sep 2016