Business, Investments

RackWare Closes USD 2.3M for its Cloud Management Solution

California-headquartered, RackWare which offers solutions for enterprise IT, has secured USD 2.3 million led by existing investors Kickstart Seed Fund and Osage Venture Partners. Earlier, it had raised USD 3 million in Series A round. Till date, including this round, the company has received a total capital of USD 5.3 million.


It aims to utilize the raised funds to expand its services, grow its presence outside of the U.S and to launch version 3.0 of the company’s flagship Management Module service soon. “Our unique approach to intelligent cloud automation is proven in implementations across a range of verticals,” RackWare CEO Sash Sunkara says. “The additional capital we are announcing today will help us extend the experienced to additional markets and further fuel the mass adoption of our cloud technology.”

RackWare was launched in 2009 by Founder & Chief Architect Todd Matters and Founder and Chief Executive Officer Sash Sunkara. The company says that by giving businesses more flexibility, its solution can help businesses realize cost savings of 40 to 50 percent compared to their previous cloud solutions. It also offers professional services to help new clients with migrating to its solutions.

Also Read: Cloudian secures USD 24 million in Series C round

TechCrunch says: Using RackWare, companies can shift their workloads more easily between private, public and hybrid clouds. According to its own data, RackWare’s customer base has grown 75 percent between the first half of 2013 and the first half of 2014. New customers include the likes of Blue Shield, IHS, ZS Associates, Vivint and WhiteWave.

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