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Valuation

$5.6M

2021 Revenue

$592K

Funding

$1M

Team

7

Founded

2017

How racksnet CEO Nauman Basit grew to $592K revenue with a 7 person team in 2021.

racksnet company profile, revenue, valuation, funding, team size, customer count, churn, and founder data.

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racksnet Revenue

In 2021, racksnet's revenue reached $592K. Since its launch in 2017, racksnet has shown consistent revenue growth.

racksnet Revenue GrowthReported revenue / ARR over time$0$125K$250K$375K$500K$625K20172018201920202021$0$592KSource: GetLatka.com
YearMilestoneQuote
2021racksnet Hit $592k revenue in April 2021
2017Launched with $0 revenue

racksnet Valuation, Funding Rounds

racksnet reached a $5.6M valuation in 2019, set during its Series A round.

racksnet has raised $1M in total funding across 1 round, most recently a $1M Series A round in 2019.

racksnet Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$0$1M$250K$3M$500K$4M$750K$5M$1M$6M$1M201720182019$6MSource: GetLatka.com
YearRoundAmountValuation% SoldQuote
2019Series A$1M$5.6M18%

Founder / CEO

Nauman Basit

Nauman Basit is listed as Founder / CEO at racksnet.

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Customers

We do not have customer count information for racksnet yet.

racksnet Employees & Team Size

racksnet employs approximately 7 people as of 2026, including 1 sales reps that carry a quota.

racksnet Team GrowthReported headcount over time023568201720182019202020210077Source: GetLatka.com
YearMilestone
2021Reached 7 employees (April 2021)

Frequently Asked Questions about racksnet

What is racksnet's revenue?

racksnet generates $592K in revenue.

Who founded racksnet?

racksnet was founded by Nauman Basit.

Who is the CEO of racksnet?

The CEO of racksnet is Nauman Basit.

How much funding does racksnet have?

racksnet raised $1M.

How many employees does racksnet have?

racksnet has 7 employees.

Where is racksnet headquarters?

racksnet is headquartered in Germany.

Data and Sources

All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.

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racksnet Revenue 2021: $592K ARR, $5.6M Valuation